David Benskin has taken the business model of a UK outfit and adapted it into an RDR-style counterpart in Hong Kong, where clients are learning the merits of engaging a fee-based adviser.
The expiry of the ‘sunset’ clause will bring pressures for advisers, but asset managers may come under particular strain, argues a new white paper from platform Nucleus.
The majority of UK-based advisory firms receive most of their recurring revenue from fees, a sure sign that many have made significant changes to their business models in the run up to next year’s ‘sunset’ deadline.
The Findex Group, one of Australia’s major independent wealth management firms, has announced that all new life insurance policies sold will be commission-free.
The Organisation for Economic Cooperation and Development (OECD) has spearheaded complaints from a host of countries disputing their “arbitrary” inclusion on a list of tax havens released by the European Commission last week.
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
Financial advisers see self-select websites and direct investment platforms as their greatest competition going forward, a new poll has revealed.
Eliminating all potential conflicts of interest has been the lynchpin of why Arbuthnott Latham has grown as much as it has in the past ten years, says StJohn Gardner, head of investment management.
Trail commission remains an important driver of income for 93% of advisers despite the charge being completely banned from next April, a survey has found.
Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models.
The Wealth Management Association (WMA) has welcomed the European Commission’s plans for a capital markets union (CMU) but said its focus must lie in retail investors.
The European Commission has said it intends to create an EU-wide capital markets union as it looks to boost global investments into the region.
