Advisers offloading mass market clients

A study carried out by CoreData Research polling 705 IFAs throughout May and June suggests advisers are either offloading non-fee paying clients or reducing the intake of new clients unable or unwilling to pay fees. It found the number of advisers with a "tendency" to service mass-market clients has declined from over 31% last year to 27% this year. At the same time the number of advisers looking to service mass affluent clients has increased from 30% to nearly 36%. The trend is being driven, in part, by hard-up investors either unwilling or unable to pay fees. CoreData principal C...