Diary of a wannabe adviser: Week five

This week was spent at The Chester Partnership, an independent financial planning firm based in Hooton, near Chester. My five-day visit focused on strategic changes pre-RDR. Steve Riddiough, one of Chester’s directors, believes there is much more to RDR than removing commission and raising the qualification level. I couldn’t agree with this more. There seems so much more to do to be RDR-ready, such as ensuring you have a robust investment process and philosophy. Discretionary fund managers came up as a talking point, and whether IFAs are putting too much pressure on themselves by t...