Adviser Matrix has confirmed it is to take on additional resource in anticipation of an increase in directly authorised mortgage advisers and IFAs considering joining networks.
"While many advisers will prefer to continue with their directly authorised status, we expect to see an increase in the proportion deciding to join networks," explains Julian Wells, director of Adviser Matrix.
"We believe that this is driven by an increasing squeeze on costs and business volumes as the credit crunch has impacted markets this year.
"Furthermore, while the ongoing Retail Distribution Review (RDR) is not due to be embedded until 2012, we expect that one of the impacts of the RDR is that independent financial advisers will at the very least begin to review their business models," concludes Wells.
In preparation for the anticipated increase in demand for its services, Adviser Matrix reveals it is currently in the final stages of appointing a well known industry figure to manage its anticipated growth 2009.IFAonline
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected