Adviser business owners upbeat as 80% report increased turnover

Two-thirds of IFAs predict higher profits in 2025 but many feeling regulatory pressure

Jenna Brown
clock • 2 min read

Some 80% of advice businesses saw turnover increase last year and more than two-thirds predict higher profits in 2025, according to the latest State of the Adviser Nation (SOTAN) report.

The Lang Cat's seventh SOTAN report, released today (6 February), found renewed optimism among the UK's adviser population, however, many also said energy levels were lagging due to increased regulatory pressure. SOTAN collected data from more than 500 members of the advice profession and found the majority of business owners reported increased turnover and two-thirds were positive on higher profits for the year ahead. The Lang Cat said this represented an increase of about 50% compared to last year: "It is the most positive outlook we've seen since 2021 in the wake of post-Covid mone...

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

Bank of England cuts interest rates to 4.25%

Bank of England cuts interest rates to 4.25%

NICs rise and Trump-imposed tariffs

Sorin Dojan
clock 08 May 2025 • 1 min read
Rathbones FUMA falls 4.7% as Investec Wealth merger approaches completion

Rathbones FUMA falls 4.7% as Investec Wealth merger approaches completion

‘Reflected market volatility’

Eve Maddock-Jones
clock 08 May 2025 • 1 min read
Scottish Widows platform adds psychometric testing tool

Scottish Widows platform adds psychometric testing tool

To help advisers better understand clients’ ‘financial personality’

Sahar Nazir
clock 08 May 2025 • 2 min read