In this interview, Platforum’s Holly Mackay talks about the losers and winners from RDR so far. According to a new report by the Platforum titled The RDR – So How Was It for You, Baby?, the clear winners are the direct-to-consumer platforms and ‘the more confident investors’ while the losers are the high street banks. But is anyone really mourning the demise of high street bank from the advice space?
What about in the advice space? Holly thinks vertically integrated models are on the rise and we all should probably get used to that because they are here to stay. But can a single entity really do fund administration, asset management and financial planning properly, without major detriments to investors? Well, you’ll have to listen in and make your own mind up about that.