Preparing for the RDR journey

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Openwork CEO Martin Davis believes regulatory change will separate the winners from the losers

As the end of the first quarter fast approaches many adviser businesses will be reviewing their performance and, in the case of networks and national firms, their market position. Many will not be pleased with what they see. A large number of firms have struggled in the economic downturn and fear for their future with the cost of the RDR weighing increasingly heavily on minds. Approaching the steep slope of regulation with no momentum is not a combination that suggests success, and I think advisers who hitherto have done little to prepare for the RDR are beginning to understand the probl...

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