As firms modify their business models in the run-up to RDR, thorough risk management will be essential, writes Kenny McKenzie of the Nucleus IFA Advisory Board.
The industry sea change being created by the Retail Distribution Review (RDR) is going to result in a great deal of business model modification as financial advisory firms review key parts of their proposition. Aspects such as fee models, investment solutions, client segmentation, platform usage and their overall commitment to independence will be – or already are – under scrutiny. Added to this, it is clear that in doing so, advisory firms will take greater control of the different elements of the supply chain supporting their client propositions. The days of firms being viewed as a ...
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