Industry professionals embrace younger clients thanks to cost benefits

Last week, we surveyed 134 advisers for PA Asks, and although lower costs were not the sole reason for taking on younger clients, it was  identified by many respondents as a key motivator. One respondent said "being able to deliver a lower cost" is one reason why they would be prompted to engage with younger clients. Another respondent said "reduced overheads - mainly professional indemnity insurance and Financial Conduct Authority fees" would be why they would engage with them. Meanwhile, one pundit said younger clients require less regulation, which comes with a "much lower cost"...