Are independent financial advisers doomed?
Now the UK proceeding down a specific regulatory track for a while, we are broadly following a similar approach, but it is different enough to say that if we stick with what we've got, we won't get anywhere near even asking the question that forms the headline - let alone answering it in the affirmative.
But it's worth pondering, firstly because we should be concerned that we learn from the UK experience rather than replicating it, that's the only advantage of being a follower.
Secondly, because it has always fashionable to question whether advisers have a future, and it's nearly always rubbish.
The commentator rumbles through the arguments: will the IFA be gradually be squeezed out; between low cost self-service / low service models at the bottom end, and effective offers to premium clients at the top, and rising costs and regulation hitting what's left in the middle?
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