Golden opportunity

Last week the Association of Solicitors in Investment Management (Asim) revealed that funds managed by its members had increased by 30 per cent over the past year.

As Asim points out, solicitors can become a bigger force in the booming fund management market, offering investors a one-stop shopping service which rivals cannot match.

They are uniquely placed to pick up business from areas they advise on, such as tax, pensions, wills and inheritance, insurance and administration of family estates. Investment business is a major opportunity for firms and, although it is not for the faint-hearted, should be carefully considered as other traditional areas of work come under attack.