Separating lucrative customers from the unprofitable will form the centerpiece of advisers' survival strategies in the build up to 2012, a white paper suggests.
A third of firms see client segmentation as the area they will make the most changes to in the next three years as the Retail Distribution Review (RDR) is implemented, the paper from software provider 1st-The Exchange found. Analysts predict as much as 50% of the current adviser community could be forced out by proposals in the RDR, which include new minimum qualification requirements. In 'Future Distribution: Interregnum & Opportunity', 1st-The Exchange says the advice arena is undergoing a unique transition period in which opportunities abound for IFAs. But it argues UK firms may fi...
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