NEARLY three quarters of all IFA firms are currently looking to sell their businesses, gain additional investment, or merge with larger organisations, JPMorgan has revealed.
New research from the company found that 70pc of firms with annual revenues of less than £1m, which account for 95pc of the IFA market, are considering consolidating their businesses in the wake of the Retail Distribution Review (RDR). The RDR, as well as the impending changes that MiFID will bring, have forced many IFA firms to consider how best to develop their businesses, in the face of growing commercial and regulatory pressures. IFAs have managed to gain a 66pc share of the UK retail distribution market and are expected to retain this over the medium term. However, JPMorgan sa...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
