RDR critic Alan Lakey has likened revising for more exams at his age to carrying out community service.
The founder of lobby group Adviser Alliance says he has still not decided whether to take Level 4 examinations, but thinks the hundreds of hours of study required to pass the "irrelevant" qualifications amounts to a punishing waste of time.
"How many hours of my life remain?" he says. "Why would I spend 500 hours revising for irrelevant exams - it is like community service. It has no relevance and is a waste of my time."
Lakey is confident he will pass the exams should he decide to take them.
With the 2013 finishing line rapidly approaching, Lakey is weighing up his options. These include taking the exams, merging his Highclere Financial Services firm with another business or employing someone else to work in those areas he will not be be qualified in.
He also says a growing number of advisers are considering being regulated outside the UK, pointing to regions within Europe such as Dublin, Gibraltar and Guernsey.
Last week, the Treasury said although RDR will not affect the ability of firms operating in Europe to advise clients in the UK, it insisted passporting to evade regulation will not be allowed.
But Lakey thinks ultimately European law will take precedence over UK law.
"The FSA will not have the ability to override European statute," he says. "The regulator is gold-plating European rules. They have decided we are going to have standards above and beyond those applying to other advisers in different part of Europe."
"It is natural people who do not believe this is the way forward will be looking at other places to operate from."
He estimates around 1,000 advisers are looking at the possibility of becoming regulated outside the UK to avoid RDR regulations.
"I would be amazed if there were not 1,000 plus advisers who have not thought through the ramifications and thought about how to avoid the idiocy about to be applied to them and their clients."
He adds advisers' obligations and responsibilities should be focused on clients and if regulatory regimes in other countries can help advisers offer a better level of service they need to consider being regulated elsewhere.
"We have an overriding responsibility to clients over and above those of the regulator which is there - reportedly - to assist clients."
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'