In a survey of over 200 advisers, conducted by Fidelity Worldwide Investment and FundsNetwork, more than 50% expect to make changes to their business models over the next two years as they find further regulatory change to be a major threat.
However, 80% of respondents said that their business is sufficiently future proofed against such threat.
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In the survey, about 48% said they are confident that platforms are doing enough to help them for conversion of bundled to clean share classes in April 2014, while 48% said that client reporting would make their jobs more efficient.
Some 44% said that platforms may assist them in conversion from bundled to clean share classes by bulk for their clients automatically ahead of April 2016 deadline.
FundsNetwork advisory services head Jon Everill said that the conversion of bundled to clean share classes represents one of the biggest tasks for advisers over the next few years.
"The survey suggests advisers would favour being in control of moving clients in the short term, but would appreciate their platform helping them to bulk convert closer to the deadline."
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By GlobalDataFidelity Worldwide Investment retail sales head Ben Waterhouse said, "The continued growth of model portfolios and managed solutions demonstrate many advisers are successfully developing their investment proposition to suit the fee-based world."
