View the article online at http://citywire.co.uk/wealth-manager/article/a745977
30% of UK's wealthy say advice more expensive post-RDR
by Danielle Levy on Apr 14, 2014 at 10:15
'Being more open-minded on fees may well be the way to match their offering to the mass affluent segment as well and ensure it remains profitable for their business. Many financial advice firms will be more than willing to welcome this up-and-coming group of wealthy clients.'
Needs and wants of sub-£500k
The sub-£500,000 bracket has come into focus following Barclays' decision to service this segment from call centres. The research found this segment had felt the impact of the RDR less than the wealthier segments. On the fee front, 37% of this group said they would prefer to pay fixed fees for each consultation.
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