Existing financial planners may need to re-think their client propositions as the RDR's drive for professionalism closes the gap between them and traditional advisers, threesixty says.
The support services provider says the RDR could rid financial planners of their unique selling points (USPs) as all advice firms will have similar propositions, charging models and minimum qualifications. According to threesixty partner David Ingram, planners need to prepare now to compete in a more uniform world as confidence in their practices will mean little if they do not factor in the practicalities of the changes. He says: "At a surface level, the current range of financial planners, wealth managers, whatever you want to call the existing firms, are prepared for RDR. "They...
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