More advisers avoiding clients with under £50,000

Advisers now less willing to take on new clients with limited assets

Sahar Nazir
clock • 1 min read

The proportion of advisers that will accept new clients with less than £50,000 has been declining steeply and is now at only 25%, down from 52% in 2019, according to the Schroders UK Financial Adviser Pulse Survey 2023.

The survey was conducted among 254 advisers between 20 October and 6 November 2023. The proportion of advisers who will only accept new clients with more than £200,000 has risen to 19%. Schroders said advisers have become less willing to take on new clients with limited assets and this could explain why they are not doing more to attract younger investors. "Advisers might be wise to consider offering services to the partners and younger family members of clients, even if these may not immediately be profitable," Schroders said. "Establishing relationships with those who may inhe...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers warned against 'tick-box' cashflow modelling

Advisers warned against 'tick-box' cashflow modelling

Cashflow modelling ‘only as good as the information you put in’

Sahar Nazir
clock 06 November 2025 • 5 min read
Azets Wealth expands in South West with Evans Falco acquisition

Azets Wealth expands in South West with Evans Falco acquisition

Evans Falco will join Azets’ operations later this year

Sahar Nazir
clock 06 November 2025 • 1 min read
SJP firm Twelve Wealth Management acquires fellow partner practice

SJP firm Twelve Wealth Management acquires fellow partner practice

Managing director Matt Smith joins the firm

Isabel Baxter
clock 05 November 2025 • 1 min read