Propertying up the bar

Did you see the article in the Sunday Times recently about ISA millionaires? It was one of those classic pieces which is everything that is right (or wrong) about our industry - at least according to a mate of mine.

We read the story while drinking and watching the cricket, so his analysis of ISAs may be slightly skewed, but I reckon he is typical of many of the problems advisers face. “I told you you should have put money into ISAs instead of property,” I said to get the debate rolling, after reading Brewin Dolphin and Hargreaves Lansdown have seven ISA millionaires on their books, including one client with over £3m tucked away. “Yes, but at least I know the value of my property is not going to drop,” he retorted, as he reeled off the three properties, excluding his own home, he has for his ret...