Compliance costs forcing advisers to seek clients with more in the bank

Average minimum portfolio size now at £117,000

Isabel Baxter
clock • 3 min read

Regulatory changes are forcing advisers to seek clients with larger portfolios, Scottish Widows has found.

The annual Scottish Widows Investor Confidence Barometer has revealed that since the removal of the lifetime allowance (LTA), ongoing tax and regulatory changes are affecting business operations for 79% of 200 surveyed advisers. In response to rising compliance costs, advisers are pivoting towards clients with larger portfolios. Just over half of those surveyed (51%) increased their minimum portfolio size in the past year, with the average minimum portfolio now at £117,000 — rising to £134,000 for firms with more £500m in assets under management (AUM), according to the research. In Sc...

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

More on Your profession

Professional Adviser's flagship conference PA360 returns for 2026

Professional Adviser's flagship conference PA360 returns for 2026

PA360: Actionable insights – Smarter Outcomes open for adviser registrations

Professional Adviser
clock 05 December 2025 • 1 min read
Feel Good Friday: One Four Nine Wealth hosts charity blood drive

Feel Good Friday: One Four Nine Wealth hosts charity blood drive

In support of the Scottish National Blood Transfusion Service

Professional Adviser
clock 05 December 2025 • 1 min read
Nici Audhlam-Gardiner: Wider basic advice adoption could shrink advice gap

Nici Audhlam-Gardiner: Wider basic advice adoption could shrink advice gap

'There is no need to reinvent the wheel here'

Nici Audhlam-Gardiner
clock 04 December 2025 • 4 min read