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...
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