Podcast #65: Working well with a wealth management partner – with Charles Stanley’s Tom Hawkins

With 2024 just around the corner, advice firms are busy reviewing their business strategy for the year ahead.  

One key area which advice firms have been working on in recent years is the outsourcing of the investment/wealth management function– and carrying out due diligence on the various solutions that are available. 

But finding the right wealth management partner is never straightforward.  That’s especially so since the introduction of Consumer Duty earlier this year which has changed the way in which advice firms review their tailored investment approach. 

Getting it right for your business and your clients

On today’s IFA Talk podcast, Sue and Brandon are discussing this brave new world of wealth management and some of the challenges and opportunities created by working well with a wealth management partner.  

Their guest is Tom Hawkins, who is Head of Strategic Partnerships at wealth management firm, Charles Stanley, who has plenty of tips on some of the key things to consider, why it really matters, what are some of the risks of getting it wrong and how Consumer Duty has created a whole new ball game in this important area for advice firms.

Check out the podcast conversation below:

Click here to listen on Spotify

Click here to listen on Apple Podcasts

Disclaimer

IFA Talk is for financial professionals only. All material has been carefully checked for accuracy, but no responsibility can be accepted for inaccuracies. Wherever appropriate, independent research and whatever necessary legal advice should be sought before acting on any information contained in this podcast.

Value of investments and income from them go down as well as up, so you may not get back the amount you originally invested.