Advisers fear outsourced CIP costs and 'loss of control'

Copia asked 200 advisers at the Personal Finance Society's (PFS) regional conferences what their main concerns were about outsourcing CIPs. It found 25% were worried about loss of control, with 24% concerned about costs. It added the third biggest worry, for 16% of those surveyed, was that risk will remain with the adviser, rather than pass to the discretionary fund manager (DFM). The findings follow Copia's previous research, released earlier this year, on how much time advisers spend operating their CIP. It found that firms spend an average of 71 days a year managing their CIP...