Advisors face surprising new competition

Rupert Murdoch-owned British newspaper the Times says it won’t just deliver business news any more, it will act on it, reports the Press Gazette.

Read: The stiff competition to keep staff

The newspaper has teamed up with Bestinvest to offer investment services under the name Times Wealth Management.

In a statement, the newspaper promises a range of services—from online trading, to advisors, to full wealth management and planning, “all at competitive rates.”

The newspaper is banking on the idea that as a trusted source of business and investing news, the products are a natural extension of its brand, says Press Gazette. Times Wealth Management is already available in the UK.

Read more here.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.