Halfway there: Adviser risk during the 'laborious' asset migration process

The ‘laborious process' of moving client assets to wrap platforms is leaving advisers in a state of frustration and, more significantly, some in danger of breaching regulatory guidelines, according to latest research. An adviser survey, by outsourcing firm Informed Decisions, found about 12% are in danger of breaching reduction in yield (RIY) guidelines through asset migration. The survey found four out of five advisers (80%) expected the majority of their client assets to be moved onto wrap platforms by the end of their transfer and review process. However, more than one in ten (1...