Blackrock, a sponsor of the Institute of Financial Planning, has developed an online transitioning tool to help advisers move to a fee-based business model by RDR.
The Blackrock Transitioning Tool helps advisers with problems associated with the move to a fee-based model.
Blackrock identified three key problems for advisers as being the level of fees to charge, defining their value proposition and how revenues will be affected.
The tool enables advisers to determine the cost of servicing clients, establish a client servicing proposition and understand the benefits of client segmentation.

It also allows them to model potential revenues, forecast these revenues will evolve over the next three years and consider how a practice is valued.
As well as the transitioning tool, Blackrock also has built an Adviser Centre with educational materials for advisers and best practice insights from 30 leading financial advisers on what they have done to succeed.
Tony Stenning, head of UK retail at Blackrock, said: "We have drawn on the experience of some fee-based advisers from both the UK and the US to build this tool. Based on these insights, we aim for our support to be practical, simple to use and interactive.
"The tool will help advisers to test out different fee and servicing scenarios in order to get a clear picture of what will be most suitable for their own business going forward."