Majority of advisers not serving clients with less than £100k - Canada Life
Regulatory change and PI to blame
“If this trend continues it could create a ‘lost generation’ of potential clients for whom it’s unnatural to just pick up the phone to their adviser, or to create a comprehensive financial plan” - Canada Life's Neil Jones
More than half (57%) of financial advisers can no longer afford to take on clients with less than £100,000 in assets, research by Canada Life has found.
In a survey of 250 advisers, the life company found that regulatory change and increasing insurance costs has had a financial impact on their businesses. When asked what the minimum amount of assets...
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