Advisers are optimistic for growth, study finds
By
Jean-Baptiste Andrieux
14
th April 2021
12:31 pm
Despite ongoing lockdown restrictions, the majority of advisers are confident about future growth opportunities, according to a study by Fidelity International’s adviser platform, FundsNetwork.
Six in 10 advisers said they expect to expand by increasing client assets under management, while 11 per cent expect to do so through acquisition.
In addition to this, 17 per cent of surveyed firms said they were considering recruitment as a way to grow their activities.
“As the advice industry looks to move forward from one of the most challenging periods in the UK’s recent history, our findings provide great grounds for optimism. While many advisers have revised or put their growth plans on pause over the last year, their ambition hasn’t been deterred,” Jackie Boylan, head of FundsNetwork says.