Addressing the advice gap: the role of advisers themselves

ADVICE GAP

clock • 4 min read

Alan Miller, founding partner of SCM Private, encourages the industry to take action before a huge number of investors are robbed of independent advice at the very time they need it most

As the financial services industry faces the biggest tidal wave of change for decades, the Retail Distribution Review (RDR), many commentators are predicting the survival strategies likely to be pursued. No one really knows the true impact but, at this early stage, it is the anecdotal evidence that should be listened to, not the somewhat self-interested research data and comments being spouted. This is not an unexpected tidal wave. The plans for RDR have been six years in the making but what can be criticised is that the architects of this monumental plan do not appear to have factore...

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