Majority of advisers say consolidation not in clients' best interest - research

'Less individualised financial advice'

clock • 2 min read
A survey by consultancy firm Albermarle Street Partners explored the challenges faced by independent advisory firms at a time when much of the sector is engaged in rapid consolidation
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A survey by consultancy firm Albermarle Street Partners explored the challenges faced by independent advisory firms at a time when much of the sector is engaged in rapid consolidation

Some 73.5% of advisers believe the consolidation of the advisory market has not been positive for clients, according to a survey published by boutique investment consultancy Albemarle Street Partners.

The research drew on an adviser roundtable event hosted by Albemarle in December 2021 and a survey of 49 advisers, of whom most (71.4%) were business owners. It explored the challenges faced by independent...

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