The Financial Conduct Authority recently confirmed that the average adviser age has decreased to late 40s, around a decade younger than it previously stood at.
For me, this is certainly something to be celebrated and is a sign that the advice profession is moving in the right direction. There has been growth in the number of advisers in their 30s overall, with a 12% increase in advisers aged 30-39 seen in the data the regulator holds on financial advisers, spanning 2023 to 2025. This means that 50% of advisers are aged under 50. Meanwhile, despite the average age falling, adviser numbers have stayed broadly the same at around 31,000. Meaning, retirements have not driven the profession towards an adviser shortage cliff edge as had been fea...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
