21 years of change: How advice firms have evolved

Technology, RDR and the advice gap

clock • 8 min read

As Professional Adviser celebrates its 21st birthday, this article looks back at how financial advice firms have changed and developed since 2001...

There can be few industries that have seen the seismic changes of the financial advice sector over the past 21 years. Profound regulatory change has come in the form of the Retail Distribution Review and pensions freedoms, while platforms have brought about an enduring shift in the way advisers interact with clients, and manage and report on their investments. Perhaps most importantly, there has also been a significant philosophical shift that makes the financial advice sector of 2022 look and feel very different to the one that existed in 2001. Technology has reshaped financial advice a...

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