Firms toil to build exec-only models

clock

Advisory businesses are acknowledging the benefits of execution-only capability, but struggling to build viable propositions, according to one major adviser support group.

Network and national advisory group Tenet said almost a third of its firms are "seriously considering" execution-only, but it predicted just 5% would be able to build something meaningful in the next 12 months because of difficulties in driving traffic. Keith Richards, the group's distribution and development director, said: "We have got a small number of firms that have developed this capability and we are using them as the benchmarks for what does and does not work." Most businesses are looking to build a service initially for protection products, as they are deemed the most viable ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read