Good morning and welcome to your Morning Briefing for Friday 24 June, 2022. To get this in your inbox every morning click here. Retirement obsolete Some years ago I read the The 100-Year Life: Living and Working in an Age of Longevity by Lynda Gratton and Andrew Scott. It made the compelling argument the linear way
Good morning and welcome to your Morning Briefing for Thursday 12 May, 2022. To get this in your inbox every morning click here. Another Kingswood acquisition Kingswood has exchanged on the acquisition of Vincent & Co Ltd - a privately owned independent financial adviser firm based near Market Rasen in
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Steve Conley: Can unregulated planners help plug the advice gap?
By Steve Conley 10
th March 2021 2:05 pm
Financial planning is something advisers do before financial intermediation. A financial planner agrees a client’s financial goals and needs for the future, and the strategies to achieve them.
A financial intermediary then acts as a broker between the client and a financial provider in a transaction.
Financial intermediation is regulated by the FCA. Financial planning is not. If a planner also runs an advice business, the financial planning is likely to be treated as a regulated activity. However, planners are quitting advice firms to focus on non-regulated business.