Adviser acquisition drive gains momentum

Changes to firms' capital adequacy requirements and remuneration structures, as well as fresh minimum qualifications for advisers, will encourage many IFAs to exit the industry over the next five years, they argue. Additionally, the rising average age of UK advisers - which the FSA puts at 46 but other studies place closer to 55 - will also exacerbate the trend. However, others argue the market is in danger of becoming "flooded" with firms for sale, forcing prices down and shrinking the market. David Brattesani, director of new threesixty adviser consolidation support firm, IFA Market...