The Key to adviser business evolution and transformation
The Forces of Change
Whilst last decade has seen massive new developments in the financial services market place, the proposed changes brought about by The Retail Distribution Review will speed up the process of change from transaction and commission based to service and fee based (particularly recurring revenue dominated) adviser businesses. In the process, new providers such as wrap platforms have sprung up and experienced strong support and growth from forward thinking advisers even during severe market downturns whilst traditional providers have seen their businesses shrink as they struggle to keep up in the product development race and with the improved service standards now routinely expected.
