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Half of cross-border advisers move towards recurring income

By Mark Battersby, 1 Jun 16

More than half of the financial advisers across international markets are transforming their business model away from upfront remuneration towards more recurring revenue streams, according to new research from Old Mutual International.

More than half of the financial advisers across international markets are transforming their business model away from upfront remuneration towards more recurring revenue streams, according to new research from Old Mutual International.

Rod Bryson, principal of wealth, long term savings and insurance at Capgemini Consulting UK, said:

“Today’s clients are in a better position to question and challenge – but also to appreciate the value a financial adviser can offer. Financial advisers across many international markets are becoming acutely aware of the need to evolve and transition their business, and it is easy to see how this evolution might snowball.

“The lead taken by Old Mutual International is a welcome move, and will help open discussions with advisers, encouraging and supporting those looking to evolve with sustainable and customer centric business models.” 

Old Mutual International said over the coming months it will “open the debate with international advisers to help shape its new Future Fit programme of support”.

Pages: Page 1, Page 2

Tags: Capgemini | Old Mutual

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.