The advice industry’s fearful reaction to draft legislation requiring explicit client approval for advice fees to be deducted from accounts annually suggests that advisers believe some clients may not pay or renew. Paul Barrett suggests its time for advisers to rethink the ongoing fee model.
The strongest performing businesses in the AZ NGA portfolio have a “no” culture. In other words, they say “no” a lot. These businesses are clear on their strategy and value proposition, and have a simple operating environment. Paul Barrett writes.