With all of the new proposals hanging in the balance for the financial advice sector, Fidelity surveyed 426 people to see what they really wanted.
The new proposals from the industry Regulator, the Financial Services Authority, are to increase the types of adviser available. Instead of either being totally independent (working on the clients behalf) or tied to one company (working on behalf of that company), new tiers could be introduced that may reduce the number of independent advisers.
The survey results showed that 53% of people would want to stay with a totally independent adviser. 60% said that if their current independent adviser changed status and could no longer advise on the investments they had, they would switch to another independent adviser.
So, it looks like independent is in demand. Let us know how important independent advice is to you.
Don't forget we were voted Independent Financial Adviser Firm of the Year and lobby vigourously for you to have choice in your financial affairs.