Top tips: How to grow your business

clock

Brett Davidson, chief executive of FP Advance, looks at how small adviser firms can create scaleable businesses.

There is a lot of activity in the consolidation space at present, with the wagons starting to circle again after the temporary hiatus brought on by the credit crunch. The RDR is often cited as the reason for consolidation, with the consensus view emerging that small firms must consolidate or die. I don’t accept this. High-quality small firms with ambition can also look to scale the boutique business they create, but only if the right pre-conditions are established. The most important of these is that a ‘house’ way of doing business is created. It is no good having ten advisers, who all h...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Aviva scraps final additional charge on adviser platform to offer single, transparent fee

Aviva scraps final additional charge on adviser platform to offer single, transparent fee

Move to remove ETI charges aligns with Consumer Duty

Sahar Nazir
clock 06 August 2025 • 2 min read
L&G H1 profits rise 9% as CEO hails 'excellent six months'

L&G H1 profits rise 9% as CEO hails 'excellent six months'

Growth from workplace pensions, annuities, and asset management

Sahar Nazir
clock 06 August 2025 • 2 min read
Uniquely exposed: How ultra-high net worth individuals are targeted by cyber crimes

Uniquely exposed: How ultra-high net worth individuals are targeted by cyber crimes

'UHNWIs also have to be conscious that attacks against them can originate through their professional advisers'

Daniel Gore
clock 06 August 2025 • 4 min read