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Comment on Compliance burden eats into adviser time, finds Rathbones study by Julian Stevens
['Kimberley Dondo']
Comments for Money Marketing
Rising regulatory and administrative burdens are limiting the time financial advisers can dedicate to clients, according to a new study by Rathbones Group.
The independent survey of 100 independent financial advisers found that the majority are feeling the strain.
A significant 77% stated that compliance requirements are restricting the time they can spend on financial planning.
Meanwhile, 69% said that portfolio management tasks are taking precedence, and nearly half, 49%, cited a lack of administrative support as a key constraint.
Two-thirds (66%) of those surveyed said that offering holistic, forward-looking financial planning is what truly distinguishes their service.
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'regulatory'
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