Are DIY platforms truly a gateway to financial advice?
Are DIY platforms truly a gateway to financial advice, or should advisers be worried about being bypassed altogether?
By Justin Cash 5
th March 2021 12:17 pm
Picture this: lockdown strikes and the advice sector watches a boom in day trading unfold in utter horror. Investors pile into hot stocks promoted on social media with no thought as to their impending collapse. Even on mainstream platforms, DIY investors start trading with increased frequency, and tens of thousands of novice users sign up to try and put their savings to work.
There are plenty of causes for concern in this picture. AJ Bell chief executive Andy Bell recently branded the trade in so-called meme stocks as “bordering on barking mad”.
Revealed: PA Awards 2021 Adviser Firm of the Year shortlists
Which firms made the shortlist?
Berry & Oak won the Adviser Firm of the Year - UK award in 2020.
Professional Adviser
Professional Adviser is proud to announce the first set of shortlists for the 2021 PA Awards, the winners of which will be announced in an online ceremony in March.
We are proud to say that, once again, so many great financial advice and provider firms put themselves forward and entered these awards, which seek to reward excellence both within the financial adviser.
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