How to manage your firm's cash flow post-RDR

The transition being undertaken by financial advisory firms to take them through the RDR is highlighting the growing issue of cash flow management. An example of this, is a representative case study of a business which needs to tackle the problem, described in the box below. There are several actions which should be recommended to a business like this, to help it successfully adapt to the RDR. Firstly, it is vital to consider the financial challenge of the RDR within the overall process of evaluating and redefining the firm’s business model. To achieve this, many smaller advisor...