RDR will not hit "top-end" IFAs

Avalon, which launched 10 years ago, caters for advisers with high net worth clients and director Harry Kerr says this segment of the market should be virtually untouched by regulatory changes. "The FSA wants advisers to have robust investment processes but the top-end IFAs already have this," he says. Remuneration models for the high-end market, in particular, will be unaltered by new regulations, according to Kerr. "For IFAs who have always been clear on charges and have robust investment processes I don't see what the RDR will change." "IFAs at the higher end of the market do...