BlackRock assists advisers to move to fee-based model

BlackRock has launched BlackRock Transitioning Tool to assist advisers who are preparing to move to a fee-based business model ahead of the reduced disclosure regime (RDR) regime which will come into effect at the end of 2012.

The tool is available online and is designed to help advisers to move towards a fee-based model.

It enables them to establish a client servicing proposition; understand the potential benefits of client segmentation; model potential revenues; forecast how revenues might evolve over the next three years and consider the factors that influence how a practice is valued.

“Advisers who are currently in the process of transitioning their business may be uncertain about three key areas: the level of fees they should charge; defining their value proposition to clients; and how their revenues will be affected,” said Tony Stenning, head of UK retail at BlackRock.

Similar concerns are shared by Europe-based advisers, to whom the same services could be offered in the future.

In July, BlackRock launched its first range of funds specifically developed to help advisers and investors adapt to RDR. The BlackRock Consensus Funds act like funds of index funds to provide simple, cost-effective and diversified investments, and are independently risk-rated to help advisers match clients with suitable portfolios.

To further assist with some of the key challenges of transitioning to a fee-based model, BlackRock built an Adviser Centre which contains a suite of educational materials to help advisers evolve their business and support the conversations they have with their clients.

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