An IFA comparison website giving advisers detailed data on other firms in their area - including client profiles and charging structures - has launched.
Developed by Glasgow-based software company WorkLoad, MyTouchstone claims to be a unique website helping advisers keep tabs on other local firms to see how they are preparing for the RDR. The website, which is free for advisers, examines how the move away from commission will impact IFAs and allows users to view adviser charges in their postal area. Key features include information on the number of firms closing, merging and starting up in the area, how many IFAs are upsizing or downsizing and the amount clients invest. Furthermore, it provides data on the areas in which clients l...
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