The future’s looking bright for advice-only advisors
Wealth Professional, Will Ashworth
This past Friday WP had the pleasure of speaking with David Stewart, a partner in Toronto-based advice only firm Stewart & Kett. In the financial planning business since 1986, Stewart’s partnered with Cynthia Kett for the last 20 years. He’s a great example of the talent that exists in the rather obscure advice-only arena.
There’s a limited number of people in this business because it’s easier to make money on the advisor side selling product. “But there’s always going to be a market for it,” says Stewart. “There will always be people that value objectivity… There are those that aren’t willing to spend money for fees and there are those that are.”
But will advice-only planning grow?