Third of clients stay with IFA for over 15 years

The survey of 466 clients also revealed 35% had been with an IFA for up to eight years. However, many IFAs are worried RDR proposals, including new distinctions between professional and generic advice and increased professional standards, could spell doom for these long term relationships Carterbar director Arthur Dornan says the adviser/client bond could be broken if the RDR qualification proposals are passed. He says many advisers, especially those with more experience, may not be able to obtain the higher standard needed to allow them to continue working with their long held clientel...