Last week, I looked at the “advice gap” and why providers will increasingly see this as an attractive channel to complement their intermediated strategy.
As we approach RDR, professional adviser firms are putting the finishing touches to their customer proposition and pricing. So what is the best way to service clients with simple needs or where the cost of giving advice is not covered by the fee collected?
It has always been true that advisers have provided advice to clients where the commission does not cover the cost of the advice. Does this make sense in the future? Some advisers will set out a minimum fee for their service and some will set out a minimum investment before they will provide advice.