Bringing you live news and features since 2006 

Advisers have a mixed response to RDR

RELATED TOPICS​

Only 31 per cent of delegates attending wrap platform Ascentric’s RDR workshops over the last two weeks said they were ready now for RDR, leaving 55 per cent on target and 14 per cent behind target.

Seventy six per cent felt RDR has had a positive impact on their business, 86 per cent were coping with the changes and 41 per cent believed client relationships had also improved as a result of RDR.
 
The biggest tests from RDR have been agreeing the client proposition (47 per cent), implementing RDR into processes (19 per cent), and defining the investment process (14 per cent).
 
And post RDR, the biggest challenges are expected to be growing the client base (45 per cent), maintaining revenues (35 per cent), and coping with financial markets (20 per cent).
 
The RDR workshops held in Bath, Birmingham and London were aimed at advisers, managers and compliance staff involved with planning or implementing RDR strategy.
 
Mike Morrow, Ascentric’s sales and marketing director, says: “It was interesting to see that the three key barriers to implementing RDR were the considerable time and work it is taking to implement the necessary changes, delays from the FSA in clarifying a number of issues, and changing clients perceptions on adviser remuneration. The key message is that this hasn’t been an easy process for adviser firms.
 
“As the majority of delegates were from firms using the Ascentric platform and only 32 per cent said they are ready now for RDR what does that mean for the less enlightened firms who do not have similar access and support?”

Latest News

EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..
Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended the week at approximately USD68,150, marking a 12.1..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by