Industry insiders fear consolidation 'frenzy' impact on would-be owner-directors

In the latest PA Asks survey results, 59% of 49 respondents said consolidation will make it harder for the next generation of advisers to move into owner-director roles, 25% said it would not, and 16% were unsure. One respondent, who believed that consolidation would make it more difficult for younger advisers to become owner-directors, argued that advice is heading towards becoming a "non-independent" industry where "the consolidators offer ridiculous amounts of money to independently owned firms and shove them into whatever the consolidator wants them in – which they, of course, the cl...