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Financial planning practices

Guy Holwill, CEO of Fairbairn Consult recently wrote an interesting piece titled ‘Are you ready to run your practice like other professionals?

In the article he tells one to imagine that the FSCA stated that they were going to accelerate RDR and professionalise the industry with immediate effect and from tomorrow, commission and asset-based fees would be banned and you would have to charge your clients fees for all the different services that you provide. He then went on to say, that like other professionals, you have three options around how you can implement this change.

We caught up with Guy and asked him if he could expand on the three option that Financial advisors have.

Watch the interview below to see what he had to say:







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