Why networks could soon be a thing of the past

distribution

There was a time when being part of a large network was paramount to an IFA"s survival, but with changes to technology and structures of financial products, this is no longer the case

Many empires have risen only to eventually find themselves outdated and overthrown because they failed to adapt to a changing world. It has happened before and it will happen again. In fact, it is happening right now in our own industry. Networks have risen, some growing to monolithic proportions, but are now showing cracks and beginning to lose members. This is mainly because the financial world is evolving and they have remained static. Many of the key changes have not taken place yet but they have been well signposted, and while others are adapting to move with the times, networks are ...