Advisers appear divided on the issue of the value of financial advice, with almost half (47%) of the opinion clients are being overcharged for advice services, according to research from the New Model Business Academy (NMBA).
The research found the other half (53%) of the 139 advisers surveyed did not believe clients were overpaying, with many arguing many charging structures do not fully reflect the amount of behind-the-scenes...
PFS renews its warning to industry
One-quarter of financial advisers have seen a pay rise greater than 10% after adopting the use of a discretionary fund manager (DFM), research for Rathbones undertaken by CoreData has suggested.
There are 1,840 asset management firms with £8trn AUM
RDR brought sweeping changes to adviser charging
New 'fee' feature
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%