What will a typical advice business look like in five or ten years’ time? Will a typical firm be smaller or bigger? Will financial advice move away from being a lifestyle business to more of a professional practice?
A recent report by CWC Research in Association with Fidelity FundsNetwork attempts to answer these questions! The report titled – No Small Change: Benchmarking the Adviser Business – was authored by Clive Waller.
In this podcast, we caught up with Clive to talk about the findings of the report and the implications for advisers. I believe that the role of an adviser as a rainmaker is more crucial than ever; and as you will hear in this interview with Clive, ‘rainmakers should rain-make, they should make tea!’