Top tips: How to grow your business

clock

Brett Davidson, chief executive of FP Advance, looks at how small adviser firms can create scaleable businesses.

There is a lot of activity in the consolidation space at present, with the wagons starting to circle again after the temporary hiatus brought on by the credit crunch. The RDR is often cited as the reason for consolidation, with the consensus view emerging that small firms must consolidate or die. I don’t accept this. High-quality small firms with ambition can also look to scale the boutique business they create, but only if the right pre-conditions are established. The most important of these is that a ‘house’ way of doing business is created. It is no good having ten advisers, who all h...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Hitting milestones later in life could impact when people seek advice

Hitting milestones later in life could impact when people seek advice

People will likely be seeking financial advice later

Laura Suter
clock 19 April 2024 • 3 min read
Regulatory pressures taking a toll on industry stress levels

Regulatory pressures taking a toll on industry stress levels

'Regulatory pressures are the first thing on my mind’

Sahar Nazir
clock 19 April 2024 • 1 min read
Advisers blast FCA funding requirement of £755m 'inexorable'

Advisers blast FCA funding requirement of £755m 'inexorable'

‘I don’t really know what value I’m getting from the FCA – if any’

Hope Coumbe
clock 19 April 2024 • 2 min read