One in five clients 'very concerned' their IFA or planner will retire

Three in five say they will use the same firm and have another adviser

Isabel Baxter
clock • 2 min read

One in five (20%) clients are “very concerned” that their IFA or financial planner will retire and 26% are “quite concerned”, Investec Wealth & Investment has found.

 The study amongst 535 clients revealed that on retirement of their adviser, 61% will retain the same firm and use another professional within the company, 31% said that they will find another adviser for themselves and 8% said they will stop using a financial adviser altogether. The research revealed that men are much more pessimistic about losing their financial adviser than women, with 52% of men saying they were either "very concerned" or "quite concerned" about the prospect of their adviser retiring, compared to 25% of women. According to the research, the concern comes as 21% of...

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