The debate about whether changes made to financial intermediation following the Retail Distribution Review (RDR) would herald a shift towards 'restricted' advice may have been settled, according to the experiences of one national business.
Of the 70 investment advisers who joined restricted Sandringham Financial Partners since its launch almost two years ago, 60 came from an independent background, managing director Steve Braidford said. The national business welcomed its 100th adviser member earlier this month, almost a third of whom are mortgage advisers. Supported by SimplyBiz chairman Ken Davy, Sandringham launched in January 2013, shortly after the completion of the RDR. The Review introduced a number of changes to retail investment advice, including new definitions for independent and restricted (formerly tied ...
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