'Business as usual' for advisers as majority have not taken on new clients

In our most recent PA Asks, 31% have taken on more clients over the past year, whilst 66% have not and 3% said they do not know (see table below). One industry respondent who has taken on more clients than usual over the past year said this was due to restructure and focusing on lifestyle rather than purely assets. Meanwhile, another was bought another firm, so has naturally taken on more clients. However, they explained the firm's challenge is "all about capacity' as we are stretched to take on any more new clients without increasing costs, so our minimum assets under management ...