First published in Professional Paraplanner Magazine, April 2016.
Advisers are not always expert stock pickers and shouldn’t have to be. Post RDR and in preparation for the looming sunset clause, more advisers are starting to recognise the benefit of allowing specialists to deal with their fund picking as a key strategy for spending more time with clients, reducing risk levels and operating costs. Results from the FE Adviser Survey 2016 were testament to this.
It’s Christmas and whilst everybody is feeling festive – we thought we’d use the 12 Days of Christmas as inspiration and look at 12 ways FE has helped its ‘true loves’ i.e. Advisers this year!
1. Unique Model Portfolio Research
The FE DFM Survey found that whilst nearly 70% of our Adviser clients had invested client money in a Discretionary or Model Portfolio Service, more than 40% of them admitted to finding it ‘Extremely difficult’ or ‘Very difficult’ to access quality research and analysis on the value of options available to them. We soon found that the results of the survey echoed an industry wide concern about the lack of transparency around performance, charging and risk mandates for model portfolios. This lack of research available to Advisers also meant that they were unable to conduct objective analysis on the suitability of the solutions they were choosing, particularly on an ongoing basis.
Old Mutual’s WealthSelect MPS range is now live on FE Transmission, the service that allows financial advisers access to performance data on leading model portfolio providers through FE Analytics.
Copyright ©FE 2016
