A £1trn influx of wealth is expected to hit the advice market by 2025, writes Nick Hall. Here he outlines how advisers can use tech to ride the ‘wealth wave’
Those with an eye on the financial advice space will have noticed the recent market surge of consolidation and the increased influx of private equity. Why is this happening? Predictions are that there is a 'wealth wave' ahead. Industry consultancy Alpha FMC, which studies the financial advice market in detail, expect the UK retail and wholesale market to expand by £1trn to £2.9trn between now and 2025. They anticipate that advice firms will attract 84% of new money coming onto the market. Similarly, Royal London estimates that the advice gap now affects 39 million people in the UK. ...
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