IFAs to grow 4% at the expense of profitability - report

The research, conducted by analyst company Plimsoll Publishing, questioned 1,000 IFAs, and found that average growth in the sector was likely to be 4%. However, this growth was being driven by just one quarter of the IFA community - some 294 elite companies - who were likely to expand by an average of 30% this year. Smaller companies were likely to reduce in size by 4%. Chief analyst at Plimsoll, David Pattison, said that the growth gave "reason for cheer" but that these elite IFAs were growing at the expense of profitability. He said: "The key is to get growth and maintain the ...