There is a clear market opportunity for advisers to act on closing the advice gap, writes Tim Sargisson, but lack of tech and financial resources mean the 'chasm' remains open
The Lang Cat recently released its 2023 Advice Gap report, an in-depth study into the drivers behind people taking advice and, perhaps more importantly, the barriers that prevent most of the population from doing so. A vital piece of research in advisers understanding the drivers behind clients obtaining advice. Perhaps of greater significance is why others choose not to. The figures make for startling and frankly depressing reading. The Lang Cat's consumer research, conducted by YouGov, shows that just 11% of the Great British public have paid for advice in some shape or form in the ...
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