Advisers Plan to Drop Investors

Independent advisers have admitted to cutting services to their clients since regulation was introduced last year - and many are planning to drop further clients in the future

Emma Wall 17 October, 2014 | 8:51AM

Are you a commercially viable investor? Thanks to regulation in the advice industry you may find your business turned away, or worse still your portfolio dropped as advisers can no longer make the business case for your portfolio.

Before the introduction of the Retail Distribution Review last year – designed to make the financial advice market fairer and more transparent, reports surfaced warning investors about an “advice gap” – those investors that wished to take advise but who would no longer be attractive to advisers in the post regulation world.

In October 2012 a  survey commissioned by Allianz Global Investors found that two thirds of financial advisers said anyone who has less than £50,000 in disposable assets may end up unable to get professional help.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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