Nearly 300 IFA firms "clinging on for dear life" - Plimsoll.

clock •

Nearly 300 adviser firms are "clinging on for dear life" after the ravages of last year's recession as the IFA market braces for a wave of corporate failures, says Plimsoll.

According to the industry analyst's latest research, the market has become polarised between those firms getting it right and those struggling to recover from last year's economic fallout. "Now the storm is lifting we have been able to assess the damage left behind," says senior analyst and author of the report David Pattison. "A total of 272 companies are in a parlous state and are starting the New Year clinging on for dear life. We have rated them as 'danger' accordingly." But whilst falling demand has been the "final nail in the coffin" for those struggling firms which failed to ma...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Sentiment on the rise but 'calm may not last' as Budget looms

Sentiment on the rise but 'calm may not last' as Budget looms

According to Dynamic Planner’s Financial Happiness Index

Sophia Panayi
clock 06 October 2026 • 2 min read
SJP adviser academy welcomes 200 graduates

SJP adviser academy welcomes 200 graduates

Graduation ceremony held on Friday

Sophia Panayi
clock 05 October 2026 • 2 min read
Feel Good Friday: EQ Investors team completes 17.5-mile charity walk

Feel Good Friday: EQ Investors team completes 17.5-mile charity walk

For Carney’s Community

Professional Adviser
clock 02 October 2026 • 1 min read