Miscellaneous
Hello and welcome to Episode 5 of Intelligent Adviser, the audio podcast for a new generation of financial planners, brought to you by Regis Media. I’m Robin Powell. If you were listening last time, you’ll recall I spoke to Dan Solin. Based in Florida, Dan has had a long and distinguished career in the financial advice profession. He now works mainly as a consultant, helping advisers to communicate their message better and to win more clients. Last time he told us he was pretty bearish about the advice profession — particularly because of growing competition, not just from robo-advisers, but from big multinational companies like Vanguard, Fidelity and Charles Schwab. He particularly fears for smaller financial advice practices. In future, he says, much larger firms will be the norm, and there’ll be fewer of them.