Consolidation: The changing shape of adviser mergers

News of consolidation in the industry has been making a regular appearance in our inboxes recently. The regulator is forcing this activity to an extent, such as through the increased pressure on firms to accommodate new rules. The sunset clause being the big one affecting many businesses. Diversification in methods of delivering advice - such as online advice and simplified propositions - has also increased competition in the industry for investors' loyalty. Advice firms need to be on the ball to make sure they don't lose clients. Regardless of such pressures, I think there is some...