I have also worked in the industry (not anymore), from companies like Liberty and momentum to private wealth companies so although I probably haven't seen it all I've seen most of it and I firmly believe there is so much more value in people taking charge of their own investments etc. When it comes to insurance and all that jazz its a different story but with investments there are layers and layers of fees associated with the use of 'financial advisors' and the companies they work for or invest through (unit trusts etc). Policy's like endowments and RA's do have their pros but you pay (a lot) for those pros. It pays in the long run to educate yourself on investments/markets etc and do it yourself. To 3JN2 if you would like some info on selling your client book while still receiving the relevant fees and still being able to deal personally with your clients while not having to retain your FSB license feel free to email me
[email protected]. There's nothing in it for me as I am no longer in the industry but I've seen this model work and is great for guys looking to drop their license.
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