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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

More on Your profession

Women in Financial Advice Awards 2026: Photo highlights from the night

Women in Financial Advice Awards 2026: Photo highlights from the night

Celebrating the best women in advice and financial services

Professional Adviser
clock 06 November 2026 • 1 min read
Feel Good Friday: Rathbones donates £35,000 to London Youth

Feel Good Friday: Rathbones donates £35,000 to London Youth

Youth Work Week

Professional Adviser
clock 06 November 2026 • 1 min read
Women in Financial Advice Awards 2026: Winners' gallery

Women in Financial Advice Awards 2026: Winners' gallery

Championing women in advice and financial services

Professional Adviser
clock 05 November 2026 • 1 min read