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Sussex based, Servo Private Wealth joins forces with Boring Money, in a first of its kind initiative to tackle the financial advice gap

Independent financial advice firm, Servo Private Wealth, has joined an independent panel of carefully selected experts to help tackle the financial advice gap. The initiative is the first of its kind, providing financial advice to consumers, regardless of their level of wealth, age or investment experience.

Providing their knowledge and expertise, Sussex based firm, Servo Private Wealth, was part of an independent panel of expert financial advisers, which helped to shape the advice provided within the platform.

Independent financial advice firm, Servo Private Wealth, has joined an independent panel of carefully selected experts to help tackle the financial advice gap. The initiative is the first of its kind, providing financial advice to consumers, regardless of their level of wealth, age or investment experience. They can choose between face-to-face financial advice, digital advice, DIY investing and free financial information.

Launched by Boring Money after research* showed that a diminishing number of people were actively taking financial advice and were unsure about their options. This was largely due to thinking they were too young or did not have the right level of wealth. 

Providing their knowledge and expertise, Sussex based firm, Servo Private Wealth, was part of an independent panel of expert financial advisers, which helped to shape the advice provided within the platform.

James Mallinson, CEO of Servo Private Wealth, said: "We are delighted to have been chosen to work with Boring Money as one of their panel of experts. The idea of lifting some of the barriers to entry around financial advice and improving the accessibility for consumers is something that resonates with me. Ultimately, the earlier we start working with someone, the more we can help them." 

Boring Money CEO, Holly Mackay said: "For those people that need advice with a capital A, our platform will help them to find it. But we also want to help individuals that are better suited to digital advice, DIY investing, or who just need some free information to help them with the basics.

Consumers tell us they find it difficult to know where to start, who to trust, what services are available to them and what it all might cost. As a result, we suffer from a huge advice gap, with millions of people feeling too uncertain about their choices to be able to find the right level of help they need. There is a fragmented array of tools available, with different services helping people find and compare investment providers, others helping with free information only, and websites using postcode-based searches to match customers with face to face advice. Boring Money Advice aims to bring all this into one place for the first time."

The beta version of the platform was launched last week to Boring Money's own subscriber base of more than 12,000 consumers and will be promoted to the 80,000 visitors to the main Boring Money site throughout March. Following feedback and testing, it will then be rolled out to the wider public later this year. 

Find out more about Servo Private Wealth, here: https://www.servoprivatewealth.com/ and Boring Wealth Money Advice service here: https://www.boringmoney.co.uk

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