One quarter of adviser firms to sell in three years - research

The research, conducted by Action Consulting, questioned 40 firm principals and found 27% of advisers said they expect to sell to a rival or larger firm within three years. Some 11% of those questioned expected to have merged with a comparable intermediary and 7% expected to have closed over the same period. In total, 40% of those advisers questioned expected that their business would be changed in these ways.  There were notable differences between the way smaller firms - of three staff and under - envisaged the next three years, with 70% saying that they expect to be offering b...