FCA: Consolidation has not reduced access to advice

Advice sector stable but room for growth

Jenna Brown
clock • 2 min read

Consolidation in the adviser space has not curtailed access to advice and continues to reshape the market, with a third of the largest firms on the hunt to buy other firms or client banks, Financial Conduct Authority data has found.

Its 2025 Adviser Survey said consolidation supports retiring advisers who want to ensure their clients continue to get the best advice. It added: "The strong resource behind most consolidating firms can support a smooth transition that results in good client outcomes. "Well-managed acquisition and integration can create real value for clients, employees, buyers and sellers of regulated entities." It added on M&A: "Where groups seek to grow quickly through acquisition, resourcing must keep pace with the group's increasing scale and complexity. "Where integration has been poorly m...

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