AS we ease out of a long, difficult lockdown and businesses begin to re-open, the importance of smart money management comes into focus. Now more than ever, clients are conscious of protecting and growing hard-earned profits and finding smarter ways to invest and manage their finances.

In many ways, the financial sector is undergoing a step-change. Traditional banks are being challenged on many fronts; as they become squeezed on both the commercial and retail sides, funding for both business and property development is moving increasingly to the private sector. 

As deposits in traditional banks lose savers money (and soon to cost money) retail customers are switching to online, low-margin banking options like Revolt and N26. As a result, retail banks are moving into wealth management – just look at Bank of Ireland’s interest in Davy’s and similarly AIB’s purchase of Goodbody’s. 

Bank of Ireland’s ownership of New Ireland and AIB’s…

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