Consultancy firm Clara Capital has launched a comparison site for alternative investments, Clara Compare, as a tool to help advisers meet the FSA's widened requirements for independence post-RDR.
Alternatives are products other than traditional investments such as shares, bonds and cash, and the site includes domestic and foreign property, a hedge fund and income funds. Advisers can used Clara Compare to gauge the suitability of the product for clients, and compare costs and returns. Clara Capital said all of the funds it lists have FSA authorised and regulated operators and professional asset management teams. Investments are available to investors only via an FSA authorised intermediary such as an Independent Financial Adviser. Under the RDR, the FSA has expanded its r...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
