United Kingdom (UK) Financial Advisors 2020 - Trends, Concerns, and Opportunities

United Kingdom (UK) Financial Advisors 2020 - Trends, Concerns, and Opportunities

  • January 2021 •
  • 52 pages •
  • Report ID: 6022177 •
  • Format: PDF
United Kingdom (UK) Financial Advisors 2020 - Trends, Concerns, and Opportunities

Summary
While the UK financial advisor market enjoyed strong growth from 2016 to 2018, it has encountered increasing headwinds since 2019.Besides the obvious issue of the COVID-19 pandemic, the industry is struggling with rising costs and slowing revenue growth.

Consolidation continues apace across the industry, with the number of firms - particularly smaller outfits - starting to decline.There has been a shift to mid-sized and large firms, with the average number of advisors per firm creeping up.

While COVID-19 has been the key challenge for the market, other notable threats include Brexit and driving growth in the midst of economic downturn.

This report is a comprehensive analysis of the UK financial advice market, with a focus on key issues affecting independent financial advisors (IFAs) and their businesses.It provides an overview of the UK IFA competitive landscape, analyzing advisor numbers, business models, and industry consolidation trends.

It also examines the key demographics accessing financial advice and the factors driving usage; identifies threats and opportunities for IFAs trying to expand their business; analyzes the impact of Brexit and COVID-19 on the UK financial advice industry; and explores factors influencing IFAs’ choice between independent and restricted models. The report draws from our proprietary survey data.

Scope
- Growth in average financial advisor revenues slowed or declined in 2019 depending on the segment. The largest firms of 50+ advisors experienced the greatest declines, with average revenues down 4.7% on 2018.
- COVID-19 is considered a threat by 13.8% of financial advisors but an opportunity by 9%.
- 61.8% of financial advisors use investment platforms. Those at the largest firms are most likely to work with multiple providers, while smaller outfits tend to keep their platform selection contained.

Reasons to Buy
- Understand which segments of the UK investment market offer the highest growth potential.
- Identify the main pain points of IFAs to engage with them effectively.
- Analyze consolidation in the UK IFA market to understand how you can benefit from current trends.
- Learn how IFAs choose their partners and product providers to increase your penetration of the market.
- Understand the impact of Brexit on the financial advice industry along with the ongoing disruption of the COVID-19 pandemic.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.