Between 2015 and 2018 the adviser market was growing at more than 10% per year but between 2018 and 2019 it stalled, according to Financial Conduct Authority data.
Adviser market revenue grew from £3bn to £4.4bn between 2015 and 2018 but, from 2018 to 2019, increased by only £0.03bn (0.7%). As for how that revenue is made up, 82.9% comes from advising on retail investments, 11.8% is revenue from insurance advice and 5.3% from mortgages. Advice firms with between six and 50 advisers, however, appear to be the most efficient at generating revenue. Those medium sized firms generated £189,449 in revenue per adviser in 2019, while small advice firms of two to five advisers generated £186,444 per adviser. One-man bands made £166,019 revenue on aver...
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