Yellow Belly
Registered User
- Messages
- 215
:
- Tied Agents
- Multi Agency Intermediaries
- Authorised Advisors
You must be very young if you can't figure this out?If people realise that bank "advisors" are tied agents/sales people for the institutions they work for- how come AIB & BOI have built up such a large share of the life & pensions market?
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You must be very young if you can't figure this out?
OP asked specifically for all views, the big two are not better at selling products it's more they have a captive audience, I would have thought that was obvious. Also people tend to trust the big banks whom they deal with and respect throughout a lifetime (people are more likely to divorce than change bank) than an unknown broker. Banks exploit this.
How many people would be prepared to pay a fee for their financial advice in lieu of commission?
I would.
Do people realise that it often costs the same to deal directly with an institution as it does to use a broker- be they multi agency intermediary or authorised advisor?
Yes
If people realise that bank "advisors" are tied agents/sales people for the institutions they work for- how come AIB & BOI have built up such a large share of the life & pensions market?
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