Adapt and survive: Advice firms embrace change as pressures grow

Winds of change are still blowing through the advice industry. According to research commissioned by Fidelity, more than half of IFAs expect to make changes to their business models over the next 12 to 24 months and further regulatory change was identified as the biggest immediate threat. The results suggest the majority of advisers consider themselves well prepared for the future, but despite this many are still intent on making changes to their business models in order to best prepare for what lies ahead. So, what factors look set to influence change and how have advisers elected to...