Advisers fear 50% of their clients' assets will exit their firm with them

‘The sector is set to lose so many of its experienced workforce’

Hope Coumbe
clock • 2 min read

Just over half (51%) of financial planners estimate up to 50% of their clients’ assets will exit their firm when they retire, Investec Wealth & Investment has found.

The Rathbones-owned firm's most recent survey of planners uncovered that more than a third (35%) expect to retire before turning 50, despite concerns that a large amount of assets under management at their firm will be taken elsewhere. Just under half (48%) of surveyed advisers think their firm will keep between 50% and75% of the client assets they currently manage, with only 1% declaring their firm plans to keep between 75% and 100%. According to Investec Wealth & Investment estimations, 22% of advisers in the UK plan to retire within the next three years, 27% within the next four ye...

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