The prevalence of ad valorem charging is "worrying", Model Office founder Chris Davies has said, following research by the regtech platform that found three-fifths (60%) of advisers used this structure.
"Adviser charging is still so disparate - we think clients are still confused around charging. So how or what they're being charged? That can only seek to confuse and I'd like to see far more clarity,"...
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
Charlton House Wealth Management
Woman of the year – investment advice
It’s The Pro Adviser Podcast
£5m lost to fraud between February and June