A TCF framework provides a useful structure for advisers to navigate RDR choices, writes David Norman of TCF Investments.
The growth of fee-based advice and the emergence of ‘new model advisers’ has been supported by new wrap platforms and supermarkets that offer almost unlimited access to funds, trusts, equities, ETFs and portfolio services. This will be accelerated by the FSA’s RDR, which will require fee-based advice for all investment product sales from the end of 2012. Wider investment choice, improved services to clients and apparently clear pricing are great for new clients. But what about clients stuck in old-fashioned, inflexible plans with restricted investment choice? How do advisers tackle Tr...
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