Regulatory change has transformed advice delivery in the UK. The financial services value chain has been turned on its head, to ensure the consumer is protected. Aurora members adopted this model many years ago.
The client was subject to multiple layers of charges which were often misunderstood.
Insurance company or Investment provider, responsible for manufacturing the product.
Financial Adviser, Broker or Private Banker, the 'sales force' paid to sell the product.
Unknowingly paid both the Manufacturer & Intermediary for the purchased 'product'.
The client is in control. All charges are transparent and agreed in advance.
Pays a fee for advice, suited to their individual needs and preferences - unrelated to products.
Responsible for providing comprehensive advice, sourcing appropriate solutions.
Solutions are selected based on their
ability to meet client needs.