So you are issuing a complete SOA for every one of these people you speak to as per the requirements of providing personal financial advice ?If advisers are receiving so called "conflicted remuneration" via grandfathered commissions on the basis that the product provider and not the client directly is paying the advice cost and in addition to the notion that being paid by a product provider may influence the advice provided because of a payment or reward , then surely, an employed adviser who receives their total remuneration from a single product provider and only provides recommendations in relation to that one product provider is conflicted by definition.This is not to say the advice provided is not of a high standard or suitable to the member's needs, but the playing field MUST be level and equitable for all.If you are providing personal advice ...the same rules apply across the board...no carve outs, no exceptions, no excuses.
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