Change of heart: Four key restricted/independent switches

Much like industry debates over ‘active vs. passive', ‘human vs. robo-adviser', arguments on either side of the ‘restricted vs. independent' discussion have evolved with the regulatory backdrop. Post-Retail Distribution Review (RDR) it was thought the restricted model would grow, points out Sandringham Financial Partners chief executive Tim Sargisson. This group of advisers, however, now make up just an eighth (13%) of the market. That being said, as evidenced below, some of the biggest adviser names made the move from independent to become restricted. Some firms opted for the best of...