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

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read