Some 97% of IFAs report taking on new clients since the advent of the Retail Distribution Review (RDR), according to research released today.
According to statistics from adviser consumer ratings site Vouchedfor, which questioned 223 UK-based IFAs, some 40% of those additional investors were completely new to advice. Some 81% of IFAs had not lost a single client since RDR and of the IFAs that had experienced client outflow only one associated the loss of a client with the new regulations. Similarly, more than a third (38%) of IFAs reported an improvement in new client acquisitions based on the same period in 2012 (over 50% reported no change). The arrival of the Retail Distribution Review and fee transparency came hand i...
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