The Changing Role Of Investment Consultants

The unprecedented fragmentation of the advice industry and the high establishment rates of self-licensed boutique advice firms has fuelled growth for smaller players in the investment consultant arena. For smaller licensees, there is far more outsourcing going on and consultants are being used for a greater array of services to which the licensee is heavily dependent. The changes throw up many questions, including how will regulators view the expanding business models of both investment consultants and research houses in our politically charged environment?