Overstretched: Is there a solution to the adviser's dilemma?

Why do so many IFAs find the idea of setting up their own firm so irresistibly appealing?

clock • 4 min read

IFAs may not be born businesspeople but they don't really have to be, writes Andrew Goodwin

Anyone who dined at La Gavroche when it was run by Michelin-starred brothers Albert and Michel Roux would probably dispute the maxim that too many cooks spoil the broth. As a general rule, though, the old adage holds true. That's why you rarely hear of two chefs successfully co-managing a restaurant. It's why so many TV shows that throw chefs together tend to centre on them bickering with each other and conspiring to mess things up.  This is all quite easily explained. Being a brilliant chef doesn't automatically qualify you as a brilliant businessperson. You can have all the culinary...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

Editor's view: Your pre-holiday advice news aperitif

Editor's view: Your pre-holiday advice news aperitif

The editor's Friday Night Takeaway from 20 December

Jen Frost
clock 20 December 2024 • 2 min read
How advisers keep up client engagement at Christmas

How advisers keep up client engagement at Christmas

PA looks at how advice firms touch base in the festive season

Isabel Baxter
clock 19 December 2024 • 3 min read
Editor's view: When regulation fails to bite

Editor's view: When regulation fails to bite

The editor's Friday Night Takeaway from 13 December

Jen Frost
clock 13 December 2024 • 2 min read