Thousands of people ‘sacked’ by their financial adviser

Thousands of people ‘sacked’ by their financial adviserNew research has shown that thousands of savers and investors have been ‘sacked’ by their financial adviser over the past year. The figures, by the fund manager Schroders, confirm that some financial advisers are becoming more choosy about who they take on as a client. The research reveals: Around 20% of advisers have “formally” asked a client to leave over the past 12 months 69% of ‘sacked’ clients had investments of less than £50,000 Why are advisers ‘sacking’ clients? There are a number of reasons why some advisers, although far from ...