The IFA industry is becoming increasingly polarised between strong and weak players with "radical consolidation" set to hit the market over the next year, research suggests.
Plimsoll analysis of the top 1,000 IFA companies in the UK found a growing gulf in performance, with 159 struggling companies identified as "in danger" and 601 booming firms categorised as "strong". The offshoot of such wide fragmentation will see a growing tide of consolidation sweep the market as the strong companies buy up their distressed competitors. "The market, in the current economic climate cannot support this many companies," says report author David Pattison. "There has to be further, more radical consolidation in the market." The study also sheds light on regional dispa...
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