Guy Stephens, chief investment officer at Rowan Dartington, on why the RDR's impact on discretionary investment management could be a win-win for all involved.
I have operated, designed and implemented four different DFM investment processes over the last 14 years and all have had their good and bad features, some more opaque than others, some cheaper than others and some more profitable than others. Many in the industry are currently designing and launching their RDR friendly propositions, including the platforms and product providers. The research and design of the process has revealed the challenges that many face based on their historic origins and legacy business models. IFAs have been ahead of the curve on this with many moving away fr...
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