Zaman, who was named chief executive of the international arm of Brooks Macdonald in October last year, suggested that the implementation of the RDR model has given advisers more control of their client relationships, establishing a clear-cut role between intermediaries and asset managers.
But he also warned advisers not to bury their heads in the sand, suggesting some had not taken the changes seriously enough and therefore risked being at a disadvantage compared to other firms.
But RDR has had a positive outcome for other sectors on the value chain, said Zaman, who suggested the review has prevented blame being unfairly directed towards investment managers.
“This way it’s going to be pretty clear where the fees have gone and what impact that’s had on clients’ ultimate investment performance,” he said during an interview with International Adviser last week.
