Adviser Network Intrinsic expects the number of its ‘restricted' advisers to increase to 75% over the next two years, compared with less than 60% currently.
According to Intrinsic chief executive Richard Freeman, the number of IFAs at the company, currently at 350 (compared with 550 restricted), is likely to reduce over the next couple of years to approximately 250. This reduction is likely to be accompanied by a similar and equivelant increase in restricted advisers. "We expect to see real growth in financial planners in the restricted space," he said. "Of course the exact ratio will depend on the client base - where clients need whole of market we can accommodate this, but we certainly expect to see a considerable move towards restr...
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