Advisers that act as manufacturers are taking on more regulatory responsibilities and risk and must be fully aware of their role before committing, delegates heard.
Speaking at an FE Fundinfo conference on tech-enabled advice, The Lang Cat principal Mark Polson said it was essential advisers stepping into the manufacturing space did so intentionally and that they "lean in" to the role. He told advisers in the room: "Manufacturing is a completely different box of frogs than distribution. "One of them involves taking things that exist and moving them to other people. Manufacturing involves actually creating something. "There is a whole world of regulatory interest around the creation of products and services which does not apply to the distribut...
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