Third of advisers see turnover dip in 'harsh' economic conditions

The consultancy's fifth State of the Adviser Nation (SOTAN) said a third of advisers foresaw lower turnover for 2022 compared to 7% which expected a drop in 2021 and 42% in 2020. However, it added that financial advice proved its resilience with 42% of advice firms predicting turnover would increase and 27% forecasting a level turnover for 2022.  Source: The Lang Cat SOTAN questioned 605 advice professionals across a range of job functions. It found 76% of firms said very few clients left their books in any given month and 94% said they consistently added new clients "even in th...