RDR offers opportunity for balanced advisers - Chadborn

The director of Plan Money suggested that Barclays' decision to close their advice arm indicates banks may not be the winners from the RDR that is often predicted, but that clients will still seek advice that is not available through the internet. This coupled with an assumption that most IFAs will move up market to attract clients who can afford fees leaves excellent opportunities for financial advisers providing they know how to adapt their model. "Most consumers will not be prepared to pay the fees demanded by wealth manager firms and the banks and the internet may largely offer no...