NextWealth

Regulatory pressures propel surge in consolidation in financial advice sector

'Acquirers are increasingly looking at consolidation, not aggregation’

‘Why would we want to take on all that headache and work’

Adoption of platforms is ‘slowing but growing’

AI to help small firms present ‘more manageable interface’ with the FCA

This is expected to increase due to Consumer Duty

Majority of advisers that see this have client portfolios less than £100,000

Confidence on accessing retirement funds remains low

Half of advisers seen uptick in retirement advice demand

A fifth of advisers use tools provided by platforms