Is it possible for all advisory firm to establish and run a successful self-directed proposition? Rebecca Jones investigates...
The number of authorised firms is lower than it was in December 2012, but has risen since hitting a post-Retail Distribution Review (RDR) floor last April, according to figures from the Financial Conduct Authority (FCA).
The True Potential group has reported its net profit for last year was up 47% as it benefited from a drastic increase in adviser numbers.
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In October Symponia launched its Legal Academy to help foster strong working relationships between advisers and solicitors operating in the later life market. Helen Morrissey talks to joint managing director Jeremy Davies about his plans for the Academy.
Advisers have stressed they are keen to become more involved in long-term care (LTC) advice, with a desire to be included in council referral lists, the Association of Professional Financial Advisers (APFA) says.
The Financial Services Compensation Scheme (FSCS) has declared a further 18 advisory firms in default.
There is a common misconception that financial advice is reserved for later life, but younger people could be missing a trick by delaying.
The percentage of advisers switching platforms increased from 21% to 29% over the past 12 months, according to data from to independent financial research company Defaqto.
The Law Society has urged the government to halt its proposed reform of the tax law that governs limited liability partnerships (LLP), a structure commonly used by advisory businesses.
Nearly a third of advisory firms have lost clients as a result of the Retail Distribution Review (RDR), according to research from GfK.
Some 27% of advisers expect to have sold their firms within three years according to research.
Financial advisers have embraced the Retail Distribution Review's (RDR) push for higher qualifications and are looking to extend their level of expertise beyond the mandatory QCF Level 4, an advisory support group said.
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