Yes, financial planning firms ‘can reinvent themselves post retail distribution review

Financial planning firms in the UK have an opportunity to reinvent themselves following the implementation of the retail distribution review (RDR). This is according to David Howell, Chief Executive of Guardian Wealth Management, who explained the updated regulatory environment gives companies a chance to encourage more entrepreneurial-ism, the Financial Times Adviser reports. Mr. Howell also suggested organisations might use the new landscape to push ahead with their corporate financial planning propositions, with owners of small and medium-sized enterprises having their business and exit strategies developed. “Many firms have obviously been offering a corporate proposition for some time, but there is definitely an opportunity for far more financial planning firms to do so,” he stated. The comments come after Marc Chamberlain, executive director at Morgan Stanley, claimed RDR could prove beneficial for structured product investors. Mr. Chamberlain said the introduction of commission-free plans under the review might lead to an increase in returns. For further information on financial planning contact one of our professional financial planners, alternatively visit our website for a range of free informative downloads.

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