Most advisers won’t offer execution-only post-RDR
Cofunds survey shows just 21 per cent of advisers plan to offer clients a non-advised route post-Retail Distribution Review.
More than two thirds of financial advisers will not be looking to offer non-advised services following the implementation of the Retail Distribution Review, data from Cofunds has revealed.
The platform asked 614 financial advisers whether they were considering offering a non-advised service to some client segments, where they can self-serve using tools and services through the adviser’s website.
Around 69 per cent said they were not, 17 per cent said they already offered the service and 14 per cent said they would offer it as a new service.
When asked had they completed the segmentation of their client book, just under 55 per cent said they had whereas 45 per cent said they had not.
Alastair Conway, sales and marketing director of Cofunds, said: “The advisers we are speaking to have a clear view of how they plan to structure their business – our job is to make sure we offer all the help and support we can to enable them to bring it to fruition.
“That is why we will be hitting the road during May and June with practical training workshops to show advisers and administrators how to use client segmentation to ease the move from commission to fees.”