Advisers fear wealth transfers may lead to loss of business

An increasing number of advisers concerned about ‘losing business'

Sahar Nazir
clock • 1 min read

The majority (63%) of financial advisers are concerned that they could lose business as wealth transfers between generations, according to Schroders.

This is an increase from 59% last year, according to the Schroders UK Financial Adviser Pulse Survey 2023.  Schroders said in its previous surveys, nearly 80% of advisers indicated that wealth transfer provides a significant opportunity, yet "clearly the challenge of retaining assets within a business when it transfers is now more broadly recognised". "Perhaps we should be reframing this important issue as ‘the great wealth retention challenge'," Schroders said. Read more: Intergenerational planning 'important for business value'

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