Just 10% of Personal Finance Society (PFS) members intend to exit the advice market post-RDR, according to the organisation's latest research.
The PFS had 28,200 members by the end of 2010 and 85% of them said they intend to carry on as independent advisers, with the remainder heading towards restricted status.
The figures are in stark contrast to previous estimates suggesting up to a third of advisers could leave the industry.
Meanwhile, progress is being made in the area of qualifications, with 42% of financial planners now holding a diploma and half the remainder having acquired one or more diploma units already.
Overall, there was a 65% increase in the number of individuals sitting a Diploma or Advanced Diploma exam over 2009 to 14,016. Individuals sat on average 1.6 units per year in 2010 compared to 1.4 units 2009.
2010 also saw a 17% increase in the number of Chartered Financial Planners to 2,250 while there was a 25% increase in Chartered firms to 300.
Edward Grant, president of the PFS, says: "I think the adviser community has a core group of people who were looking at the exams and decided not to do it but the vast majority have realised they have to and are getting along with it, whether they want to or not.
"The problem with a lot of the previous estimates was there was a group of people who said they would go but, when they look at the facts, they got on with it.
"Perhaps a lot of people did not know what was required and when they see what routes they can go down to get the diploma then actually they realise it is something that is possible."
Grant also underlined the PFS's commitment to chartered status and insists it will have an important role to play in the market going forwards.
He adds: "Many clients don't really understand the diploma and all the qualification but the one brand that is really recognised by many clients is 'chartered'.
"Perhaps chartered will be the brand going forward, rather than saying ‘I'm an IFA' or ‘I'm a restricted adviser'."
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