For an investor, independent advice means full ownership of their finances, knowledge of investment instruments, awareness of the risks and costs of financial products. For many professionals it represents the dream of a lifetime, which can finally come true. For this reason Il Sole 24 Ore offers on newsstands for one month from Thursday 5 May and in bookstores from 12 May the book “Independent financial advice. How to manage investments with the help of a professional ”by Cesare Armellini, Luca Mainò, Giuseppe Romano.
The book illustrates the benefits of the model in which the consultant is free from banks and product companies, is independent and paid by the fee (like accountants and lawyers). It starts in 2000 when the authors, pioneers of the sector, bring the Fee-Only consultancy to Italy. We focus on “planning”, on investment products found in portfolios and on efficient tools for achieving objectives. It illustrates how the market changes in light of the legislation and the actions of competitors (banks in particular). And this is where independent financial advice comes in.
“Independent financial advice is a real picklock with which to blow the block of distribution in conflict of interest, a new competitive lifeblood which, although the road ahead is still long, has already induced traditional intermediaries to gradually take on new organizational structures and distribution models, with beneficial repercussions for savers in terms of greater transparency and cost reduction ”reads in the preface Gianfranco Ursino, Head of Plus24, the Sole 24 Ore savings and personal finance insert.