LETTER: Financial planners are not ‘beer-swilling extroverts’
Stephen Cranston owes an apology to independent advisers who do not fit his stereotype
As a certified financial planner with a BCom honours degree and 40 years of service to my clients, I take extreme offence to Stephen Cranston’s depiction of independent advisers as “beer-swilling extroverts and not necessarily that bright” in his argument for why they use portfolio managers to manage their clients’ investments (“There are many benefits to using discretionary fund managers (https://www.businesslive.co.za/bd/opinion/columnists/2021-03-25-stephen-cranston-there-are-many-benefits-to-using-discretionary-fund-managers/)”, March 25).
While the rest of the article was well written and provided valuable information to the public, this remark reveals a bias by the writer that is of great concern. To single out independent advisers for this attack is even more concerning, as I believe — as an independent adviser for the past 32 years — that we are the group least conflicted by considerations other than the interest of the client. Clients would not have stayed with me fo...
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