Face to Face Financial Advice

Face to Face Financial Advice

At Beaufort Wealth Management, we are firm believers in the benefits for clients of holistic financial planning.  FT Adviser reports “the phrase “face-to-face advice” has often been used to differentiate holistic financial planning from robo-advisers. But in a world where face-to-face advice cannot exist, advisers are increasingly turning to various forms of technology.”

“It will probably be a while before advisers return to normality – if they ever do. Many clients may not wish to do so while the coronavirus remains in circulation and many advisers may find they don’t mind the increased efficiency the new way of working brings.”

“This raises questions that advisers have repeatedly been asked to grapple with by the Financial Conduct Authority.  Firstly, what represents good value for money if clients no longer get to meet their adviser face-to-face? Will questions be raised if advisers are seen to cut their own costs by becoming more efficient without passing that on to the client? Betting against that seems unwise. And secondly, how can advisers make sure they are providing a service that doesn’t disadvantage those who might be deemed vulnerable?”

“The FCA has made it very clear how importantly it is taking the issue of vulnerable clients, but this is a two-way street.  One of the ways to help vulnerable clients is to help advisers support them, by making sure advisers aren’t struggling with ever-rising regulatory bills or premiums.”  Read more  

 

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We are a firm of highly experienced independent financial advisers based in Leamington Spa. Our core values are simple - integrity and professionalism - and have seen our business grow mainly through customer referrals and reputation.

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Beaufort Wealth Management Ltd,
7B Tournament Court,
Tournament Field
Warwick,
Warwickshire,
CV34 6LG
01926 460156

Beaufort Wealth Management Limited is an appointed representative of The Tavistock Partnership Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA No: 469862. Decisions should not be taken based solely on the content of the website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change and individual circumstances. The information contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. No responsibility is accepted for the accuracy or content of external websites.

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