Advice industry is 'constrained and has tight supply'

Speaking at the Morningstar Investment Conference today (1 May), Morningstar Wealth president Daniel Needham explored if the UK advice market is attractive or unattractive. "There are various elements of the advice industry which are attractive." "When analysing companies, what matters most is profits," he added. "You have negative and positives of the capital market." There are five main forces that measure industry attractiveness, according to Needham. These are: rivalry among existing competitors; bargaining power of suppliers; bargaining power of buyers; threat of new entran...