One-quarter of financial advisers have seen a pay rise greater than 10% after adopting the use of a discretionary fund manager (DFM), research for Rathbones undertaken by CoreData has suggested.
There are 1,840 asset management firms with £8trn AUM
RDR brought sweeping changes to adviser charging
New 'fee' feature
Ten key facts about the financial advice business
£4.5bn revenue earned from advisers
'Only question is the timescale'
FCA consultation response
Gives payment options
Advisers need to delegate and outsource
Speaking at PA360
A quarter (26%) unwilling to pay fees
To be implemented on five UK funds next month
FCA position unchanged
Opened consultation on issue last June
Two-thirds (60%) charged on this basis
For ‘distress’ caused
‘Will just exclude more people’ from advice
From buyers and industry peers
Quarter want to see return of commissions
Cost inherent factor in value
Too conflicted to develop code
According to NMBA research
'Costs advisers more, earns them less'