Toolkit targets fee-charging model: Openwork
The toolkit will enable advisers to review their existing position, design their future business model and put a new RDR-compliant proposition in place with the right pricing and documentation, according to the multi-tie adviser network.
It guides advisers through three stages, from the initial analysis of client data right through to the Openwork Transition Workshops, aimed at helping advisers migrate to a platform-based business.
Mike Gummerson, RDR transition director for Openwork, said: “With the deadline for the RDR fast approaching it is essential that advisers have the support in place to guide their entire transition to fee-charging business models. Alongside our RDR workshops, the online toolkit will enable advisers to determine the right proposition for their businesses and give them the content and tools to deliver it to their clients.”