One-man bands a victim of insto product push One-man bands a victim of insto product push Single adviser practices culled from the industry’s largest licensees may be the casualties of the major institutions’ failure to prioritise spending on compliance over product, with a former bank-owned advice executive estimating that “90 cents in every dollar” had historically gone to product manufacturing. A A In a recent episode of The ifa Show podcast, Fiducia Private Wealth Management principal Danny Maher – a former institutionally aligned adviser whose practice now operates under boutique group FYG Planners – said the institutions’ search for cost savings following multimillion-dollar remediation programs was a result of misaligned spending priorities.