Fiona Murphy asks how advisers are preparing for RDR and how they are keeping clients informed.
RDR is almost here. Advisers up and down the country are trimming the fat from their business models. And product providers are unveiling new solutions to help the transition to non-advised models and fee charging a simpler process. These changes are not good enough on their own. Advisers have to let their clients know what's going on and how it affects them. Most importantly- they will have to be able to demonstrate the value of advice. This will not be possible without strong client communications. Alan Dick, principal at Forty Two Wealth Management says his firm has been RDR compli...
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