The changing nature of the financial advisory sector has been highlighted by a new study that reveals new registrations rose by more than 50% in 2015.
Figures from intermediary database provider Equifax Touchstone show there were 18,163 individual adviser changes during the course of last year, with the number of people joining the sector as registered advisers rising to 6,991, from 4,576 the year before. This was, however, more than matched by the number of ‘de-authorisations', which rose slightly to 6,825 from 6,777 in 2014. The study also noted a steep decline in the number of advisers switching firms, which fell to 4,347 from nearly 6,000 in 2014. According to Equifax Touchstone director Geoff Greensmith, the figures highlight h...
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