iShares, the exchange traded fund (ETF) division of BlackRock has claimed that it is ‘very excited’ about the retail distribution review (RDR) as it commences in January.
Joe Linhares of iShares to the FT that the new standard will encourage IFAs to use ETF’s as the foundations of clients for portfolios.
In anticipation of the rise in business that the RDR is expected to bring for iShares, the company has confirmed that it will be investing in ‘more people’ as the opportunity continues to develop.
The RDR which is to be put into action during January 2013 will require IFAs to alter current commission based models to ones which are based on fees charged for advice. This will also require a greater knowledge of the full opportunities of the investment industry in relation to the needs of clients.
