Why switching to non-advisory is not as easy as it looks

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Is yours an advisory business considering an execution-only offering? If so, then Colin Jackson, of Baronworth Investments, suggests you think very carefully about the following...

Since the announcement of RDR there has been an ongoing debate as to how this will affect IFAs. The feedback I am getting is that some IFA firms are giving very serious consideration to moving all or part of their practice to non-advisory. For established firms that have always worked on an advisory basis - either commission or fee-based - the changeover could be incredibly difficult for a number of reasons including. TCF Although investments will be dealt with on an execution-only or direct-offer basis, treating customers fairly remains a major consideration. Just because the clien...

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