Advice stalwart on why consolidation is a 'flawed business model'

‘We are in a period of deconsolidation and it will all unwind’

Isabel Baxter
clock • 5 min read

Despite the idea that there is an appetite for consolidation, which poses a risk for small IFAs who could eventually be driven out, Women’s Wealth director Samantha Secomb believes the industry could be reaching a stage of deconsolidation.

The advice industry will move into a period of deconsolidation, Secomb tells Professional Adviser. "It is not showing up necessarily the financials yet but it's showing with the clients." She says she has had conversations with advisers who have been consolidated and are feeling "very unloved and displaced in their new homes". "We have clients approaching us who are not happy with their new provider all the time." The regulator should be questioning business models that take small IFA practices and places them into a vertically integrated advice engine, Secomb argues. She add...

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