Majority of clients have remained with the same adviser

Its Real Life Advice Report more than three-fifths (62%) have never switched their financial adviser, rising to nearly three-quarters of those aged 35-54 (72%) and those aged 55 and over (74%). It found that the typical relationship with a financial adviser or advice firm lasts around seven years, but this increases to over a decade for those aged 55 and over – with nearly a third (31%) of this generation having been with their adviser for 16 years or more. The report found that the main reasons for never switching financial adviser include: ·       Trusting their adviser - 39% ...