The prevalence of ad valorem charging is "worrying", Model Office founder Chris Davies has said, following research by the regtech platform that found three-fifths (60%) of advisers used this structure.
"Adviser charging is still so disparate - we think clients are still confused around charging. So how or what they're being charged? That can only seek to confuse and I'd like to see far more clarity,"...
Javid's first fiscal announcement
'Misunderstood our profession'
Newly created role
No direct replacement planned
Could be delayed by general election