Merryn Somerset Webb

I suppose the way for us to look at this is to say, let's not make this all about gender.

It seems to be that what is happening here is that German wealth managers and IFAs automatically see their female clients as less financially sophisticated than their male clients.

And so give different types of advice, i.e.

make as much money as they can get away with from each class.

And they think they can get away with more with their less sophisticated class.

You could take gender out of it, right?

Take a man.

Well, there have been several studies that show it doesn't matter how little your man friend knows as long as you take them with you.

There's not that much of that, not much of that pure sexism left in British society, I would say.

But anyway, clear message, clear message.

If you don't know much about finance and investing, when you go to see a wealth manager, take someone with you or an IFA, take someone with you who does.

Drop that in.

And then you can say to them, and you should listen to that too.

Yes.

Yeah.

Send them the link.

Well, no, I mean, I think we've been historically critical of the IFA community, but also occasionally very praising of the IFA and the wealth manager community.

I mean, I think they provide an extremely valuable service.

Not everybody wants to do things themselves.

I mean, it's interesting, actually, because that's been a change in my way of thinking.