Contrarian: Heading for adviser model D-Day

CONTRARIAN INVESTOR

As we rapidly approach RDR ‘D-Day', the debate about the future business model for the IFA sector intensifies.

A growing number of advisers seem to be attracted to the ‘Build it Big’ model currently being promoted by national networks intent on acquiring an ever-growing long tail of small firms. Many advisers are also up-skilling like crazy, with the big push around chartered status. According to recent numbers from Skandia, a massive 78% of advisers could reach chartered status in the future. Skandia says although “only 18% of advisers surveyed are currently qualified to chartered status, 29% are already studying towards it, with a further 31% thinking about studying towards it. If both these la...