National IFA Towry has confirmed it will offer a restricted advice service in the post-retail distribution review (RDR) world.
Towry said its current service will remain unchanged and it will still provide financial advice and discretionary investment management however it will be classified as restricted for advice on retail investment products.
Andrew Fisher (pictured), chief executive of Towry, said: 'We have always supported the key objectives of the RDR and the benefits it will bring to clients, namely clear and transparent charges for advice delivered by highly qualified professionals.
'Towry will continue to provide expert financial advice on products we believe offer the most suitable solutions for our clients.'
He said the firm’s advice would not be tied or associated with particular product providers.
'Our advice will be amongst the most wide-ranging in the industry, with our team of experts researching and recommending products and providers based on meeting specific financial needs. We are not tied to or associated with any particular product providers and our advice will always be in the best interests of our clients.'