There is an inextricable link between the quality of the advice and the appropriateness of the fee paid.
TRADITIONAL REMUNERATION MODEL
Many advisers from large institutions are incentivised for sales. This may cause conflict of interest which may distract the appropriateness of the solution.
REVOLVING DOOR ON TALENT
Traditional brokerage models do not reward advisers to build long term relationships and invariably leave firms with better offers.
This often results in a change of financial adviser which may affect continuity of relationship and strategy.
REMUNERATION AFFECTS BEHAVIOUR