A Money Management article reporting on creating additional value for clients and lowering advice costs for financial advisers through managing their clients’ investments mentions Financial Simplicity’s chief executive Stuart Holdsworth. Stuart says “This approach reduces the amount of external functions and external costs ultimately so advisers can engage with their clients more with them taking part of the investing process, rather than all being outsourced to product providers.”
Holdsworth further adds advisers were in a “box seat” to introduce new investment functions that broke down the traditional product distribution model, “For example, they may be helping the client be more tax smart about the way that they manage their investments, something that a product provider is disadvantaged to be able to do because they don’t have a relationship with the client”.
