Consumers priced out of full advice may yet be able to seek the expertise of an adviser via a chargeable "dip in, dip out" information-only model, according to Cofunds distribution director Andy Coleman.
Presented as a potential solution to the so-called ‘advice gap', Coleman suggested a client would receive information from an adviser, potentially pay for it, then purchase a solution online. "We have to be creative," he said. "I think we're probably going to see something between the two offers [advice and non-advice]: the concept of being given advice but then executing on your own, so you kind of dip in and dip out of advice." Coleman (pictured) was speaking during a live TV debate assessing the impact on the advisory community of changes introduced following the Retail Distributio...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
