The advice sector has not always been good at retaining the business of subsequent generations but now, writes Mickey Morrissey, there is a question mark over whether advisers can really continue without a strategy for this
It has been a buoyant time for the advice sector. The new flexibility around pensions has meant advisers have a rich new seam of business, which - for many - will see out their careers and beyond. For those seeking to build greater longevity, or to recruit newer, younger advisers and ensure they have a business to manage in the future, however, there is a need to face up to certain challenges. Many of these challenges are existential. It is difficult to know, for example, whether the likes of Amazon and Google will take an interest in the staid world of financial services, bringing with ...
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