Adviser to client ratio to diverge widely in next five years

The average ratio is projected to shift to 1:250. The variation is attributed to the size of firms, with smaller firms maintaining lower ratios while larger firms tend to hover around 100 or even higher. This is according to a recent report released by NextWealth, titled Delivering Operational Leverage. The report has drawn on interviews with 18 financial advice professionals and a survey encompassing 244 individuals in the field. NextWealth said the diversification of business models is anticipated to persist, showcasing the industry's "adaptability". Meanwhile, it indicated...