IFAs told 'stick to what you're good at'

Adviser group IFAlliance says the IFA market is in a period of transition, with the combined effects of the economic downturn, Retail Distribution Review (RDR), minimum qualification requirements and new capital adequacy rules making it very difficult to transact business. "IFAs are not stock pickers or asset allocators," managing director Andrew Perkins says. "They are best at building relationships with clients and this is what they should stick with doing." Perkins says IFAlliance can help firms "prepare and navigate" through the RDR and other FSA-imposed requirements, such as trea...