Wrapping up the power of the client

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I was out on the road last week chairing conferences on the development of the wrap and platform market, and learned some valuable lessons about the reality of the adviser business.

Until now, the whole focus of ‘wrap’ talk or its potential growth in the UK market has, in the main, been on the actual tools available, and a huge amount of time seems to have spent on who charges what, and how. Talk so far appears to be have been driven by the industry telling IFAs the benefits they will get, and in some senses it is being treated as a product in its own right, whereas the lessons from overseas presented within this conference suggest changes in culture and business could see wrap hand the power of financial services back to financial advisers and and allow them to dicta...

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