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The future of financial advice
Opportunities and challenges
Discusses the regulatory changes of the Future of Financial Advice reforms
At a time when regulatory change is driving business strategy, the winners from the Future of Financial Advice (FOFA) reforms will be those with a customer focus who make the most of their market position, and keep their strategic radar on the disruptive plays happening across the wealth management industry.
The challenges and opportunities that these reforms bring will differ between organisations depending to a large extent on their size and level of preparedness. The impact of FOFA will also vary depending on each entity’s position in the value chain. It is popular opinion that the vertically integrated providers appear to be in a stronger competitive position as a result of FOFA.
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