Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.
The restricted advice pricing and service package, which will run alongside its existing its independent advice model, is expected to roll out in Q2.
Details of the package are still being finalised, but advisers will have access to the Elevate platform and the Architas range of multi-asset funds.
Pointing to estimates that anything between 20-80% of the adviser population will shift to a restricted offering, Axa Wealth said advisers need support and guidance when doing so.
Urging advisers to think carefully about their post-RDR propositions, the firm added the independent label may come with a higher cost base and resource implications than the restricted route.
"We believe there will be a very healthy whole of market sector and we will continue to support this fully; we do however want to offer flexibility in our approach for advisers who are considering a different route," said Axa managing director, marketing and distribution, David Thompson (pictured).
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