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...
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