There seem to be a lot of areas where the UK financial services industry is all too keen to hop over the Pond and see what our American cousins have been doing.
We can learn from how the Americans are developing wraps or using third way retirement products, but what can we take from them when it comes to financial planning? The answer from many advisers commenting on a recent blog on our sister site IFAonline is a big fat zilch. US-based adviser Michael Kitces wrote what now appears to be quite a contentious article where he urged financial planners to be consumers of the profession they practice if they want to be taken seriously. His argument is that other professionals like doctors, lawyers and therapists would not attempt to use their own...
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