Richard Bertin: Is it time to give up the independent 'badge of honour'?

What's in a name?

clock • 3 min read

Does it really matter if you are a restricted or independent adviser? Richard Bertin asks and gives his take on this contentious issue...

I was an independent financial adviser, IFA, for a number of years and was proud to hold "independence" as a badge of honour. When our firm was acquired by a global family office, my allegiance switched. My pride was anchored around being part of a great firm, with strong values. My point is, I truly wonder whether customers care whether you are an IFA or restricted adviser. If the person on the street were given a binary choice: Engage an IFA, with no definable values or culture, or Engage a restricted adviser with a clear set of transparent values I think the vast majority w...

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