The advice industry could see a seismic shift in the way it charges clients as a result of recent regulatory requirements, moving away from purely percentage-based to fixed or hybrid models, industry experts say.
Speaking at a Schroders breakfast this morning, lang cat consulting director Mike Barrett noted the emphasis on fee structures was implicit in yesterday's Dear CEO letter, which would put pressure on advisers...
Systems, controls, governance and culture
Following more reviews
Beyond the FCA's seven considerations
‘Ensure vulnerability is taken seriously’
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%