One-Stop-Shop Financial Advice: Best Practice or Bad Idea?

Does offering investors financial planning and investment management through one channel mean aligned objectives or a conflict of interest?

Danielle Levy 20 July, 2017 | 3:25PM

Over the past few years, a growing number of firms have moved towards offering financial planning and investment management together.

These companies argue that integrating the two services allows the client’s investments to be managed completely in line with their financial goals. It means the financial planner and investment manager are singing from the same hymn sheet.

The sceptics out there suggest that integration has also been driven by a desire to diversify business models in order to win a larger share of the ‘client’s wallet’, particularly in an environment where fees are coming under pressure.

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About Author

Danielle Levy  is a freelance journalist specialising in investment writing for Morningstar.co.uk

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