News editor's view: The advice profession is getting bigger, but is it getting better?

This week, Atomos announced its acquisition of MWA Financial, bringing nearly £1bn of assets into the fold and creating one of the UK's largest financial planning firms. When I wrote this story, the wording immediately felt similar. It reminded me of when Shackleton acquired Hurst Point Group which created a combined £17.5bn advice giant. Shackleton too said at the time that this transaction will create one of the UK's largest independent financial planning firms.  Speaking of Shackleton, the consolidator's activity continued as it snapped up £800m AUM AC Wealth this week.  Many of...