Why do you think that the top wealth managers elected not to give you independent financial advice?
Why is it that Companies like St James Place, Brewin Dolphin, UBS, and Credit Suisse and numerous others, elect not to give independent advice?
Is it in your interests or their interests?
If a firm is focused on your interest they would offer independent advice. It can be clearly argued therefore that these firms put their interests first.
If you choose to use national wealth managers who are not impartial, you still need independent help and guidance. Why?
How do you know if they are outperforming on a risk-adjusted basis? You employ these firms to make better than average. Whilst you receive quarterly, half-yearly or annual reports, they will never say they have failed. The news is always positive. If they told you they had failed, what would you do? The chances are you would seek alternatives.
You also need independent advice, because these firms are focused on managing as much of your money as possible. They do not take account of your total net worth. In fact, depending on what assets you hold, they cannot provide advice under regulatory rules. As such independent guidance is essential.
It’s time to start a conversation about embracing independent advice in your financial decisions…even if you use national wealth managers.