The future of financial advice

There's no doubt about it, the Retail Distribution Review is going to change the landscape of financial advice. The RDR will shift the focus away from 'which product' to 'which service' and the value of that service from a client’s perspective.

Post-RDR, financial advice within the retail investment market will be categorised by the FSA as either 'Independent' or 'Restricted'. And it will be down to you to decide which type of advice service is right for your business and your clients.

Of course, we have the products and services to meet both yours and your clients’ needs. But we also have the people with the experience and knowledge to help you succeed and prosper in this post-RDR environment. We’re always looking ahead.

But how do you decide which advice model is right for you?

Supporting your business transition

To help you decide which financial advice model is best for you, we’ve created a 'Future of financial advice' toolkit containing material to help. Martyn Harrison, Manager, Professional Edge, has also created the video below in which he discusses some of the challenges facing advisers in deciding whether to take the independent or restricted advice route.

The downloads below form a section on advice models and explain exactly what 'Independent Advice' and 'Restricted Advice' mean, the implications for your business and the key considerations that you will need to address to develop your business plan.

The 'future of financial advice' toolkit offers even more help with useful information around meeting FSA requirements and developing your business transition planning. The full toolkit is available by contacting your Business Development manager, who can take you through it in detail.