HALF of UK IFAs have been hit by falling margins while a quarter are showing signs of "recessionary behaviour" and reporting a decline in sales, a survey suggests.
A study of the top 1,365 adviser firms by Plimsoll Publishing also found 19 companies are already running at a loss since the onset of the credit crunch, and Plimsoll predicts one in 10 IFA companies could disappear completely if these trends continue or intensify. David Pattison, senior analyst at Plimsoll, said: "We are reading every day how the credit market and the world of finance is being hit, but nonetheless I was still surprised to see just how much the IFA market is feeling the pressure. "I hope this report is recognised as an early warning sign and managers read this and use t...
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