Advisers are struggling to service clients with lower assets

The research shows that on average, 54% of advisers' clients books have under £100,000 of investible assets, but 75% said supporting these smaller portfolios is increasingly challenging. It suggested the increased regulatory demands have had unintentional consequences for clients with lower assets, according to Octopus Money. Almost half (45%) of advisers have redirected their focus to onboarding clients with higher assets in the past 12 months, with another 45% planning to do so, potentially shrinking the access to advice. These findings reflect a recent report by The Lang Cat, w...