Vanguard Asset Management has devised a guide to help investment advisers conquer post-RDR advice rules in just five steps.
A consistent and disciplined investment advice process is what will keep clients happy and the regulator at bay post-2012, it says. The guide pulls together tips from successful fee-based advisers in the UK and other countries on how to "thrive, not just survive" under RDR. Vanguard suggests the best proposition sticks to just the five basic concepts of know your client, develop a plan, portfolio construction, implement the plan and monitor progress. Firms which fail to develop a similarly structured and disciplined approach can build up "invisible regulatory and reputational ri...
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