‘Enormous’ opportunity for independent firms to reinvent themselves
How much more regulatory uncertainty can financial advisers withstand?
While it’s only natural to ask this question given how swiftly compliance burdens have accumulated over the years, the industry probably spends too much time laboring over it.
Indeed, we should resist the temptation to focus on regulatory uncertainty in abstract terms and instead concentrate on the motivating factors that led to the increase in regulations in the first place. This approach will allow us to both address the way in which advice will be delivered in the future and to find solutions that transcend many of the burdens that have been placed upon the industry.
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