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Graham Bentley: The many problems with asset allocation models

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Head to head: Should advisers or clients pay for platforms?

As Money Marketing explores new research on who benefits from platforms, two leading lights go head to head on the issue of who should pay: advisers, or clients? Clients should pay We view platforms as being just another product in the advice process, much like investments and tax wrappers. The upshot is that in practice […]

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Nutmeg losses pass £9m

Robo-adviser Nutmeg has seen its losses increase again as it continues its search for profitability by building an advice service. While turnover increased from £1.7m to £2.6m for the year to December, expenses also increased by more than a million, resulting in an annual loss of more than £9.3m, up from £8.9m in 2015. The […]

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  1. Under agency law, they pretty much DO indemnify their AR’s whetehr they like it or NOT, it’s just that the Networks try to wriggle out of it for some stupid reason.
    Implied or ostensible authority can always be argued by the other contracting party (client/consumer) unless they clearly knew the agent (AR) was acting outwith it’s authority.

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