Kevin Doran at HUM London 2022
Fireside Chat with Kevin Doran
At the Humans Under Management London 2022 event, Kevin Doran presented on the challenges and opportunities in financial advice today. As a seasoned investment professional and Managing Director at AJ Bell, his insights are invaluable.
The talk addresses the growing advice gap in the UK, exploring why many individuals do not seek financial advice despite having significant assets. It highlights the crucial role of understanding client needs and the importance of effective communication.
Key insights from the discussion include:
- Approximately 13 million adults are in the advice gap, with trust and cost being major barriers.
- DIY investors tend to hold riskier portfolios, while advised clients generally have more balanced asset allocations.
- The need for a simplified approach to advice that meets the needs of younger clients seeking basic financial guidance.
- Strategies for advisers to engage clients around life events that trigger the need for financial planning.
Watching this video will enhance your understanding of the current landscape of financial advice, equipping you with practical strategies to better serve your clients and address their concerns effectively.
