Look ahead to 2024: Are advisers prepared for a growth play?

The IFA landscape is undergoing its own generational evolution

clock • 3 min read

With 2024 just around the corner, advisers aspiring to grow their businesses must evaluate whether their operations, technology, and business model can support the growth they hope to achieve, writes Jim London

The converging of two generational shifts presents UK advisers with both challenges and opportunities as they build their growth strategies for 2024 and beyond. As part of the Great Wealth Transfer, UK boomers will pass on an estimated £5.5trn to their offspring over the next three decades. As millennials become the richest generation in history, advisers may need to incorporate a greater array of asset classes into their client strategies.  Alternative investments are exploding in popularity, especially among younger investors. Organic growth among alternative funds nearly doubled ov...

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