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View the article online at http://citywire.co.uk/wealth-manager/article/a751865

Are underqualified CF30s the biggest risk to your business?

by Elsa Buchanan on May 19, 2014 at 10:46

London & Capital’s assets under management comprise £2.4 billion in the private client arm, with £600 million in its real estate division.

Over the last 12 months, the firm added £500 million of net new assets and Freedman anticipates a similar figure 2014, partly driven by growth among international families.

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2 comments so far. Why not have your say?

CoeurDeLion87

May 19, 2014 at 11:54

This doctrine is TOTAL NONSENSE. Where does it say that in the history of markets that somebody needs to be heavily qualified to pick stocks? Yet again common sense capitalism is being quashed by crony capitalism through a doctrine of QUALIFICATION that in the end does NOT work and protects nobody. Experience and competence is the key to success and there are simply too many inexperienced CF30's out there managing money on box ticking formulas. But then again there are people like Freedman feeding the financial media with this doctrine that destroys flair and innovation along the way. What has background got to do with anyway? The 'old' market understood the difference and balance between qualification, experience & competence. Investors need to think very carefully before signing mandates with firms that give guarantees of modern professionalism supported by this type of doctrine that is now the 'RDR' standard. Their rewards are FEES supported by questionable gobbledegook.

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Pat

May 19, 2014 at 12:24

Highly qualified with poor attitude is worse than advisors without qualification. The clients will follow you if you treat the clients' money are just as precious as your own. The market does not always follow professional analysis or logic.Think twice for any individual before subscribe to corporate advsors, they tend to protect themselves to the hilt, unless you are corporate yourself with the accountants and lawyers on standby

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