One month on from the retail distribution review (RDR) deadline my firm, SAM Wealth, is committed to remaining independent. For us, this means more than just paying lip service to structured products and, to a lesser extent, unregulated collective investment schemes (Ucis); it means actively considering the merits of these options for clients.
SAM Wealth believes remaining independent is in the best interest of our clients and our professional introducers. We have always believed in the value of independent advice, so to suddenly change our principles did not sit well with us.
We gave thought to the greater responsibility we are taking on to consider a wider range of financial solutions, and the resources and technical expertise this would require. We concluded we would potentially be short-changing our clients by taking the easier, less risky approach to the business by going restricted.
Derek Stewart is a managing partner at SAM Wealth.