Using tools is a two-way street

They allow advisers to move away from traditional managed (and with-profits) funds and provide a higher level of investment advice to clients. However, there has been a great deal of comment over the past few months on the subject of tools. They even receive a mention in the RDR (DP 07/2 Section 7.2). The issues can be divided in three categories: Do advisers understand tools and their outputs? Are providers changing tools to suit the funds on their own platforms? Are advisers becoming too dependant on the output of tools? Turning first to adviser understanding, there is clearly ...