43 Million People No Financial Adviser

43 Million People No Financial Adviser.

Research by the Cass Business School in conjunction with Fidelity has suggested up to 43 million people in the UK could fall into a financial advice “guidance gap”.

The Retail Distribution Review that started on 1st January requiring financial advisers to charge an agreed fee for services may result in lower earners not being able to afford advisers.  In addition, some people may not be prepared to pay for financial advice and will go it alone.

The survey suggests that the average wealth needed to make you attractive to financial advisers is £61,000 and on average clients with £43,000 to invest, suggest they will not seek financial advice.

Our view
A number of banks have already priced themselves out of this advice area by only accepting ‘advice’ clients with assets over £100,000.

Our view is that all clients will pay for financial advice provided value can be demonstrated.  We strive to deliver value by offering wide ranging services, payment options, online access, newsletters, money making and saving ideas and much more.

A financial salesman simply selling you or us a policy is simply not good enough.

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