The number of advisory businesses entering the industry this year outnumbered those leaving by almost 40%, according to new research.
Figures from mergers and acquisitions adviser IMAS Corporate Finance showed 364 advice firms have been authorised by the regulator so far this year, compared with 262 firms who cancelled their authorisations. The busiest time for firms entering the industry was January, when 100 new firms were authorised, while March saw the fewest new entries, at 8. October was most popular for de-authorisations, when 37 firms left the market, while so far in November 18 firms have become de-authorised. IMAS' research category, 'Investment: Advice- IFA Businesses', includes firms selected at the d...
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