Independent, whole-of-market advice will be the preserve of the better-off once rules set out in the retail distribution review (RDR) are implemented, according to industry veteran Keith Carby.
Carby, the former chief executive officer of Openwork now settling into his latest venture as head of Caerus Wealth, says he is very clear on where he will position his business in the build-up to 2012 and beyond. According to Carby, a restricted offering will be better-placed to cater for the mass market. “I’m not bad-mouthing independence,” he said. “There is a real place for it, but the problem it has is whether or not it can be delivered for the mid-market consumer. "Whole-of-market advice will increasingly be for the better-off. Through all the research I have done, and based ...
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