Peter Heckingbottom, investment director at Pearson Jones, talks to Laura Dew about how RDR has impacted the business this year, the group's investment process, and his outlook for the UK.
How have the past few months been for wealth managers? For the wealth manager market, there is big demand for firms to do more segmentation and focus on high-value clients. It is a good time for the wealthy, but not for the average client, as they have to go DIY or to an execution-only broker. We segmented our clients a long time ago so were ahead of the curve, but there were significant issues following the implementation of the Retail Distribution Review (RDR). We have had to spend a huge amount of time this year explaining to clients what has happened and changing their portfo...
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