The Association of IFAs (AIFA) is working with Legal & General (L&G) to research ways advisers can apply alternative business models to their firms to prepare for "unparalleled change".
The report will help firms as they make key decisions about the future of their businesses. AIFA and L&G say the project, which includes research and analysis from Ernst & Young, will give financial advice firms insight and guidance as they consider changing the way their businesses operate. A report will detail the findings of a steering group, set up to oversee the project, on issues including understanding the value chain, the role of the firm and the individual, and the definition of independence. Case studies of optimal business models will be included as part of the report, i...
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