As the economic climate shows no sign of a recovery (in the short term at least) I think increasing numbers of IFAs will be thinking of selling their practices in the next two to three years.
With so many macro factors coming together at the one time, there has never been a time like the present. I read recently that 60% of IFAs are only FPC level qualified and the average age is 55, you don’t have to be Chartered to work out what will happen once the FSA bring in Diploma level requirements. Also, the TCF project is really causing issues in some firms, as the wide reaching remit is forcing them to introduce more and more systems and controls to justify their commissions when previously they have been able to operate with a simple transactional model. The really obvious and...
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