Adviser supply and demand imbalance 'a pressing issue'

James Rainbow underscores urgency of attracting new advice talent

Sahar Nazir
clock • 2 min read

There is a “pressing issue of an imbalance between the supply of financial advisers and the growing demand for their services”, according to Schroders head of UK James Rainbow.

Speaking to Professional Adviser at the Schroders Manchester Investment Conference today (14 May), Rainbow said there is an imbalance of supply and demand in the advice sector. "This is enormously positive for advisers, but if you're a client, or more importantly, a potential client, then actually, there just aren't enough people to take advice," stated Rainbow. He underscored the generational change within the industry: "If you look at the population of advisers that we have, and you think about them by age cohort, it is too heavily weighted to those people that are at a relatively l...

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