In an article posted on citywire.co.uk, Martyn Harrison of AXA’s IFA consultancy service has drawn attention to the advantages of advisers forging closer links with solicitors. He argues that whilst there doesn’t necessarily need to be a formal contract, advisers should think about replacing the typically loose and informal arrangements they have with some form of agreed statement of intent. This would focus both parties on what they expect to achieve together and what each side should be delivering. He goes on to suggest that they might even consider establishing some form of distinct trading identity which, he states, would raise no regulatory or professional indemnity insurance issues.
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