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...
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
Ten key facts about the financial advice business
Sci-fi movies may have promised us some snazzy technology that hasn't quite come to pass, writes Simon Goldthorpe, but that does not mean financial advisers should dismiss the power of fintech...
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'Number of issues' found
Advisers can transfer assets themselves