London & Capital MD: My 'cookie cutter' model portfolio fears

London and Capital's Daniel Freedman talks to Dan Jones about the future of model portfolios, the group's decision to move further up the wealth scale, and its expansion plans.

In the 30 years since he co-founded London & Capital, managing director Daniel Freedman has seen the wealth industry go through a significant transformation. The firm opened its doors just five weeks after the deregulation of London's financial markets on 27 October 1986 - otherwise known as the 'Big Bang'. Since then, the industry has travelled a route which began with the private banks and stockbrokers of the 1980s, through to the insurers and fund firms of the 90s and beyond, culminating in today's disparate playing field. But in an analysis which will strike a chord with indust...