Adviser numbers up 5%, official figures show

Figures from the Financial Conduct Authority (FCA) showed there are currently 22,557 financial advisers operating across 4,504 firms. This is up on the same period last year, when 21,496 financial advisers were active in the market, and 10% higher than the levels recorded on the eve of the RDR, when 20,453 advisers were in place. However, the number of advisers is still down on the 23,787 estimate provided by RS Consulting in the summer of 2012. The figures obtained by Professional Adviser exclude those working in banks, building societies and discretionary investment managers (DIM...