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I think advisers have always been pretty good at that small but important stuff. Acting on small, boring, tactical things, when you add it all together, is as important as the exciting multigenerational cashflow planning that wins awards. The real value of advice is in the incremental gains.
Our survey suggests that the shift towards greater use of third party portfolio management is continuing across the industry, with 17% of advisers telling us that they have increased their use of outsourced solutions over the past year.
With the introduction of the Consumer Duty and the Consumer Principle we will see a greater focus on consumer outcomes, where firms must actively assess and evidence how their actions and processes are working to deliver good outcomes for clients.
She-Hulk: Attorney At Law's first reaction are in, with critics praising the "chaotic energy" of the show - this is what they are saying.
Advisers must be knowledgeable in many areas, including pensions, tax and protection. It is difficult to cover all fronts, especially for smaller or one-man-band advice firms. Perhaps unsurprisingly, the number of model portfolio services on the market is rising.