Half of IFA firm owners plan to sell up in the next five years - research

The latest IFA View survey from financial services consultancy firm Harrison Spence suggests 44.8% of IFAs who own their own practice are looking to exit by 2020. Plans to exit appear to have been brought forward, as the numbers envisaging they will sell have risen sharply since the survey was carried six months ago. Then, just over a quarter were planning to sell within the next five years and just 5% within 12 months. Just over a third of the 230 respondents said they have no plans to sell at all, compared to 57% in April 2014. "Our experience suggests that this instinct to se...