Compliance still number one worry for advisers - Model Office research

In its Retail Investment Adviser Benchmark Report 2021, which surveyed 185 of its own users, Model Office considered trends and challenges advice firms are facing.  Half (52%) of firms said they spent between nine and 11 hours each week working on compliance-related issues, while a quarter (25%) spend six to eight hours and 13% spend 11 to 15 hours.  The research showed advisers were also spending two thirds (65%) of their time on business, compliance and staff development needs, but only 35% on client meetings. Source: Model Office Worries over cyber resilience were also high fo...