Financial adviser numbers up 5% on eve of RDR levels

Carmen Reichman
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The number of financial advisers has risen slightly in the post-Retail Distribution Review (RDR) years, though has dipped since January, new figures have shown.

Latest data from the Financial Conduct Authority (FCA) revealed there are currently 31,153 advisers trading in the UK, 21,496 of which are financial advisers. The numbers are down slightly from January levels, when there were 31,220 advisers and 21,881 financial advisers in operation. But overall, adviser figures have stayed flat over the past 22 months - the period since the implementation of RDR, when there were 31,132 advisers in the market in total. The number of financial advisers increased by around 5% during that time, from 20,453. However, the number of financial adviser...

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