Better Business: Justifying your existence

clock

The RDR will leave advisers accustomed to a commission structure struggling to survive, writes David Dodds, financial planning director at Wade Financial Services. But what about life coaching, cash flow planning and whole of market advising?

As we move towards 2012 and the RDR, IFAs have been forced to look at their current business models in more depth and decide whether their current way of doing things will allow them to survive in the future. What is clear is advisers who have historically taken maximum commission up front with no trail will not survive. In fact many firms who execute this type of business model are already struggling due to the slowing of new business. The need for advice Looking forward, I believe there are huge opportunities ahead for firms that can position themselves correctly and can accuratel...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Risk Warning Review plans aim to address 'negative framing' of investing

Risk Warning Review plans aim to address 'negative framing' of investing

Lowest investment rate in G7

Alex Sebastian
clock 09 April 2026 • 2 min read
Equity fund outflows hit £1.44bn during war-torn March

Equity fund outflows hit £1.44bn during war-torn March

Calastone Fund Flow index shows

Professional Adviser
clock 09 April 2026 • 2 min read
Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read