M&A activity 're-shaping' financial advice industry

Its latest Consolidators and Aggregators Report found that acquirers are increasingly looking at consolidation, not aggregation, compared to its 2023 report where it identified both consolidation and aggregation as the two main models for acquisition. The report highlighted the mounting cost of doing business, in particular regulatory costs, pressure on the on-going advice charges, and rising cost of borrowing as the factors driving this change. Founder and managing director Heather Hopkins said: "Mounting pressure on firms to boost revenue and profit has led more firms to look to con...