Old Mutual Wealth is the parent company of Skandia which comprises Skandia and Old Mutual Global Investors.
In its third quarter results released today, Mr Feeney said: "There have been some confusing reports recently about what the merger of the Skandia businesses into Old Mutual Wealth means, so let me be clear.
"Our aim is to be a provider of wealth management solutions to financial advisers and their customers. Their needs remain at the core of our business and we will support them whether they choose to offer whole of market or restricted market propositions, or both."

The Skandia UK platform saw net inflows of £0.4bn in the third quarter of 2012, increasing funds under management to £21.7bn.
Old Mutual Wealth reported funds under management of £67.3bn, an increase of £1.8bn. The increase was driven by net inflows of £0.5bn and other movements of £1.3bn but reduced by the sale of the Skandia business in Finland during the quarter.
Old Mutual Global Investors saw assets grow by six per cent to £13.2bn as a result of net inflows of £0.1bn and positive investment returns of £0.6bn.
Mr Feeney said the immediate focus for the firm was helping advisers with their RDR-transition.
Mr Feeney said: "We have continued to grow the business during a tough quarter for retail fund sales and the immediate focus is now on helping advisers through the RDR transition phase.
"Our adviser charging process and the new charging structure for our UK platform were announced in August and we are working with advisers to ensure that they are clear on the changes and how they will affect their business and their customers."