Total revenue generated from financial advice firms in 2024 was £6bn, data from the Financial Conduct Authority (FCA) has shown.
The regulator's Retail Mediation Activities Return (RMAR) data for 2024 found that the total revenue that financial advisers posted in 2024 was £6bn. This figure includes non-investment insurance total revenue (£572m), retail investment total revenue (£5bn) and mortgage total revenue (£252m). Firm Category Number of Firms Non-Investment Insurance (£) Retail Investment (£) Mortgage (£) Total Regulated (£) Financial Advisers 4,250 572,170,451 5,400,218,750 252,702,914 6,225,092,115 Insurance Intermediaries 3,494 ...
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