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Operating a platform should not be the preserve of asset managers, according to David Ferguson, who said the sometimes “shonky” businesses made no better custodians than others in financial services, including adviser firms.
Advisers that act as manufacturers are taking on more regulatory responsibilities and risk and must be fully aware of their role before committing, delegates heard.
Good morning and welcome to your Morning Briefing for Friday 12 May, 2023. To get this in your inbox every morning click here. Wren Sterling boosts Northern Ireland presence National IFA firm Wren Sterling has consolidated its presence in Northern Ireland with an acquisition and merger of two adviser firms. Ralston
The financial services sector has been urged to ramp up financial education to the public to win back the trust of consumers. This comes on the back of latest consumer report by financial services consultancy firm Lang Cat that highlighted lack of trust as the biggest issue for the advice sector.
Non-advised clients cited trust as one of the main barriers that stopped them seeking financial advice, a new study finds.