Should you build a wealth management arm?

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Chris Pitt, senior management consultant at 1st Exchange & N4, discusses why adding a wealth management arm is the wise decision for the savvy adviser.

It is no secret the RDR aims to ensure all advisers are providing good quality advice tailored to each individual client, rather than selling products. It is also no great revelation that some advisers will already be nearer to achieving this ideal than others. So, if we are to see RDR as an opportunity, rather than a threat, how can anyone who has that bit further to go, ensure there is more than a puff of smoke at the end of their yellow brick road? In these times of austerity and tightening of belts, wealth management is not necessarily the first thing that springs to the mind of t...

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