Abrdn's Strategy to Win Back Advisers Amid Significant Outflows
Abrdn's Half-Year Results Overview
Abrdn has reported its half-year results, highlighting a significant outflow of £2 billion from its adviser segment.
Strategic Fee Cuts
In a bid to recover from these outflows, the firm is implementing fee cuts. This move is aimed at incentivizing advisers to remain with the company.
Commitment to Improved Service
The results also emphasize a commitment to better service for clients who rely on advisers. This includes enhancing support around financial products.
Conclusion
Overall, Abrdn's changes reflect a need to regain the trust of financial advisers while tackling the recent outflows. By focusing on competitive pricing and improved client services, the company hopes to stabilize its adviser segment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.