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Comments
Stating the bleeding obvious
Why is this even news? The nationals and networks put out this garbage to try and catch a few fish. In reality a directly regulated IFA is hardly going to run to a national and become an employee, after running his own show. Likewise he is not going to rush to a network that is going to filch anything between 10% and 15% of his hard earned money and then send a spotty youth round to tell him how to run his practice. Let alone the matter of client ownership, fee charging and cash flow. Of course they are going to amalgamate with another similar firm is they can’t hack it by themselves. The retain control of their business – and that’s what it’s all about. Just consider the word – Independent.
Posted by: Harry Katz