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‘Multi-ties are poor value’

The Jelf Group says it is committed to staying independent as it believes multi-ties are poor value for clients.

Commercial director Phil Barton says a name change may be needed, perhaps to include independent. He says multi-ties are all about commercial benefit and there are no real client benefits.

Barton also says that Jelf will move towards being a fee-only IFA. Jelf advisers already charge a fee for inheritance tax and pension planning.

Barton says: “I am surprised at the lack of thought IFAs are giving to this issue. They need to invest time and effort in getting this right.We are adamant about our IFA approach.”

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