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11
th March 2021 9:00 am
Good morning and welcome to your Morning Briefing for Thursday 11 March, 2021. To get this in your inbox every morning click here.
Brooks Macdonald sees financial planning revenue fall
Brooks Macdonald reported a slight fall from £2m to £1.9m in revenue for its financial planning arm, in the six months to 31 December 2020.
Speaking to
Money Marketing this morning
, chief executive Caroline Connellan said this was down to its plans last year to “better organise” in a way to deliver for private clients.
In the half year results, it also reported that funds under management hit record levels at £15.5bn.
Adviser academies and training courses: which is right for you?
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Over 80% of PFS members would recommend reskilling to second careerists joining sector
The financial advice market has a battle on its hands.
The number of advisers in the sector is declining and the industry needs to find a way to bolster the talent pool.
The Personal Finance Society (PFS) surveyed 207 members and found that more than eight-out-of-10 (178) identified financial services as “viable” and a sector they recommend retraining to enter.
The Financial Conduct Authority (FCA) requires financial advice professionals to be qualified to at least level four to provide advice , which is the equivalent of a certificate of higher education.