Benjamin Mitchell

Jun 14, 2024 | moneymarketing.co.uk | Benjamin Mitchell

The proportion of advisers who consider the development of artificial intelligence (AI) an opportunity is on the rise, Schroders has revealed. In its 2024 UK Financial Adviser Pulse survey, the firm found 76% of advisers now feel AI technology applications such as ChatGPT represent an opportunity rather than a threat to their business, up from 57% one year ago.

Jun 11, 2024 | moneymarketing.co.uk | Tom Browne |Catriona Standingford |Benjamin Mitchell

Good morning and welcome to your Morning Briefing for Tuesday 11 June 2024. To get this in your inbox every morning click here. ValidPath facilitates acquisition of Winnell Douglas by IFAsValidPath, a network supporting independent financial advisers (IFAs), has orchestrated the acquisition of Winnell Douglas, a Ledbury-based IFA firm with over 20 years of service in Herefordshire.

Jun 10, 2024 | moneymarketing.co.uk | Benjamin Mitchell

I sometimes consider how often clients sit in meetings with their adviser and think to themselves: ‘I wonder what they invest in? Is it the same thing they’re recommending I should invest in?’The cynic in me would argue only a few advisers go against the grain and invest in the same way as their clients. But I do think we are getting better as a profession for this.

Apr 15, 2024 | moneymarketing.co.uk | Alan Hughes |Shelley McCarthy |Andrew Tully |Benjamin Mitchell

There has, understandably, been a lot of coverage of the Financial Conduct Authority’s decision to write to the 20 largest advice firms in the UK requesting information about their delivery of ongoing services. This scrutiny inevitably increased after St James’s Place (SJP) set aside £426m for potential client refunds in February. The FCA’s statement provided some further detail of the information it had requested and indicates a further update will follow once it has collated that information.

Apr 9, 2024 | moneymarketing.co.uk | Benjamin Mitchell |Nick Blake

Whether a client decides to partner with you or not will come down to one thing and one thing only: trust. Therein lies the dilemma – and it’s one I’ve seen many clients wrestle with – which type of firm is most trustworthy? Big or small? There’s no getting away from the fact that, in financial services, we’re dominated by several large brands and recognisable names. For prospecting clients new to advice, there often lies comfort in familiarity bias.