MAM's Williams contacts IFAs after 'expensive advice' furore

Fund manager Gervais Williams has written to the IFA community following his comments made in a Sunday Times interview last month, in which he labelled financial advice 'expensive'.

In the Sunday Times article, Williams, managing director of MAM Funds, said he does not use financial advisers because of the cost, prompting widespread criticism from the adviser community. Williams (pictured) has now written to advisers in an effort to set the record straight. In an email, seen by Investment Week, he said: "As many of you will know, I am particularly supportive of advisers and spend as much time as I can in order to provide views, to listen to what you and your clients are saying, and to help interpret market news and views. "It was, therefore, both surprising an...