Tim Sargisson: Are we seeing a shift away from consolidation?

Small firms are thriving

clock • 4 min read

Every advice firm needs to demonstrate a genuine client-centric proposition at the heart of the business, writes Tim Sargisson, and any that merely pay lip-service to the idea will soon find themselves short of new blood

It was good to read the recent comments from SimplyBiz CEO Neil Stevens in Professional Adviser, describing the business as "the antidote to consolidation". As he said: "We have shouted about the benefits of small partnerships - they work and are very profitable. Some of the best-quality businesses have been the small ones. We are incredibly passionate about making sure small firms can thrive." And thriving they are. Last month the Financial Conduct Authority issued Data Bulletin 13, whose latest set of trends showed total pre-tax profits for financial adviser businesses were up 23% from...

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