Providers' advice dilemma - to buy or not to buy?

Should product providers and asset managers enter the advice market by acquiring advice firms, or by investing in their own advice capability? The question looms large among providers, concerned by the increasing rate of market consolidation which in our view will continue, with more firms likely to be acquired in the next five years than there has been in the last ten. This shift has significant implications for access to distribution, particularly where providers have been unable to secure a large enough base of platform users. Over the next 18 months we also expect to see predic...