FT Adviser: FCA’s launch plan is ‘no panacea’
Gavin Haynes, of discretionary firm Whitechurch Securities, said there was already a “very wide choice” of products to select from, but echoed Mr Gilbert’s points about other obstacles to start-ups.
“It’s not really the regulation that’s a restriction for funds getting off the ground,” he explained. “It’s about being able to gain traction and gain funds under management to make them scaleable.”
...“It’s [about accessing] a niche investment area that doesn’t lend itself to being a large firm,” said Mr Haynes.
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