Kim Barrett: How I am preparing for RDR

It was as long ago as late 2008 when my son, my partner, and I sat down and discussed where we were headed as a financial services practice. Our income for the year soon to end was running at dangerously low levels, to a point where it seriously questioned whether it was economical for us to continue to run our practice. Many things had led to us reaching this low point. We moved the practice in June 2007 and were thus not known in our new catchment area. My son had joined the business in April 2007 and thus the income from the practice was now supporting the two of us. Not forgetting al...