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

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...