The Association of Professional Financial Advisers (APFA) has recorded a surplus of more than £117,000 for the year ended 30 June, thanks to a programme of cost reductions.
More than a quarter of advisers saw preparation and implementation of the Retail Distribution Review (RDR) as the "toughest" period in their professional life, a survey has found.
Adviser commission on auto-enrolment pension schemes established before the Retail Distribution Review (RDR) could be scrapped under measures announced by the government.
We are inviting advisory firms to enter the Professional Adviser Awards 2014.
The Financial Conduct Authority (FCA) is concerned about the due diligence advisers perform on investment product providers and will continue to monitor the area, technical specialist for the regulator Rory Percival has said.
Changes introduced as a result of the Retail Distribution Review (RDR) are likely to lower retail advisers' share of the investment market, but they do not represent the "death knell" for the sector, according to an investment group.
Hargreaves Lansdown's direct-to-investor proposition Vantage saw a net increase of 20,000 clients in the three months to October, as total assets across the fund seller rose to a record £39bn.