Getting back to basics

Advisers should not turn to multi-managers if they aim to meet a client's circumstances and needs

This is today's new theory of financial services: intermediaries should not advise on investments. Be a holistic financial planner, be a strategic coach, be a financial counsellor, but do not advise on investments. You don't have the time, are not properly qualified and should leave this to an expert, preferably a multi-manager (MM). This makes no sense at all. Investment is the core of all financial planning and is therefore a core competence for anyone who wants to give financial advice. Life assurance, pensions, savings, mortgages and tax planning all involve investing and investments...