Independent financial advisers are like the Spartans from the film 300, suggests Patrick Connolly, as he paints a picture of the profession being attacked from all sides by different competitors.
The Chase de Vere certified financial planner and head of communications believes large restricted advice firms, product providers that offer direct-to-consumer propositions, and regulatory costs are all posing different threats to IFAs. Connolly is the latest Adviser Champion to appear in Professional Adviser's new series of videos, which has most recently featured Embark Group's Phil Smith, Yellowtail's Dennis Hall and Nucleus's David Ferguson. He goes on to concede the Spartans are not a perfect analogy for advisers, however - but unfortunately because the former are "very much a t...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes