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Chapters hires ex-Lloyds adviser to meet client needs
by Jun Merrett on Nov 09, 2012 at 11:18
Surrey-based Chapters Financial has taken on a former Lloyds Bank financial adviser to help it cope with growing demand from potential clients wishing to leave firms that are not ready for the retail distribution review (RDR).
Simon Hewitt, who worked at Lloyds Banking Group for two years, held discussions with Chapters Financial about becoming a financial planner at the firm before the bank made the decision in September to cut its investment advice to the mass market from November. He worked as a financial planner at Surrey-based Informed Choice in 2010.
Keith Churchouse (pictured), director of Chapters Financial, said: ‘We are well placed post-RDR. We are already experiencing enquiries from clients who say they cannot locate or contact their old advisers and ask if we can take them on.
‘We’ve had three enquiries in 12 hours and I can see the number climbing all the time.’
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
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