Five ways the adviser business model must adapt - Clive Waller

The CWC Research managing director spoke at PortfolioMetrix's ‘The Mix Forum' event, saying research with the lang cat had demonstrated change was needed in certain areas of the advisory business. Here are five points Waller (pictured) picked out: 1. Investment decisions The research found a decreasing number of advisers made their own fund selection decisions. Instead, the majority left investment decisions to an internal committee. Waller said: "This makes me very nervous. Though an investment committee can be very good, there are committees that are made up of financial advise...