Execution-only firms form lobby group

clock •

Execution-only brokers have formed a new trade body in response to the under-representation of non-advised sales in the RDR.

The Association for Independent Discount and Non-Advisory Brokers (AIDB) has been created by several of the UK's largest execution-only brokers, including Chelsea Financial Services, Financial Discounts Direct and Willis Owen. AIDB estimates around 20% of retail assets under management are under the umbrella of non-advisory or discount brokers, and forms a substantial part of the UK market. Its members feel they have been excluded from RDR consultation process by the regulator, and AIDB hopes to provide a platform to lobby the FSA on their concerns. AIDB also wants to promote the b...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

What do younger clients really want from their adviser?

What do younger clients really want from their adviser?

'They're going to need all the help they can get'

Justin Cash
clock 21 October 2026 • 5 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read
True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

Short-term policy decisions ‘disturb’ advice landscape

Sophia Panayi
clock 20 October 2026 • 2 min read