I ended my last post on the shallowness of slogans with the observation that any serious attempt at reform in the financial advice profession must focus on reforming the profession’s structure and the incentives inherent within it. Which brings me to the extraordinary...
Clients come first. No arguments. How could anyone argue against such a clear sentiment? How could any professional financial adviser argue to the contrary? Hang on. What if that phrase was just a well practised ‘sound-bite’, used like the phrase ‘how are you going?’...
Is this the best of times to sell client bases or your practice? It could be. I believe the answer depends on the following external factors: Client sentiment Government legislation Product makers’ tactics I don’t believe the internal strategies and tactics of...
