Boom in demand for advice despite pandemic woes - research

'Increasing costs are a perennial thorn in the side'

Sophie King
clock • 2 min read

Despite difficulties caused by the pandemic, 60% of advisers saw an increase in client numbers over the past year, research by FE fundinfo has found.

In its 2021 financial adviser survey, Thriving through Turmoil, which surveyed 250 advisers, FE fundinfo found 89% of advisers have increased investments in their business. As part of improving their business, 58% invested in new technology, while two-fifths (40%) invested in back-office systems. Just below that (38%) gave more time to staff training, while a quarter (26%) invested in more recruitment. The research also found that 58% of advisers feel more positive about their business outlook compared to the previous year. Advisers have been adapting to the technological opportuni...

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