To future-proof their practices, all astute financial advisers need to have advisory processes and tools that are built around a strong digital capability. The speed of technological change, coupled with the imminent implementation of the Retail Distribution Review (RDR), have made digital essential to your success as an adviser.
This is according to Lizl Budhram, Head of Advice at Old Mutual Personal Finance, who believes that the integration of digital innovation is critical to the survival of financial advisers and offering customers a unique, personalised service.
Proceed to Source : FANews
Relationships between investment managers, advisers and platforms leave you open to being given conflicted advice and paying fees that do not match the services you enjoy.
They have also left the new financial services regulator scratching its head over how to define and regulate investment managers and investment advisers, to determine if they are independent and if they are charging for a service that adds value to your investment.
A dense Retail Distribution Review discussion document released recently by the Financial Sector Conduct Authority (formerly the Financial Services Board) gives an eye-glazing summary of the issues that bedevil the investment industry.
Proceed to Source : BusinessLive