“Quarter of solo advisers expect to leave industry”

Nov 29, 2021 | Financial Services

Our regulator’s stated aim is to reduce the number of small advice firms, to make their lives easier and leave them less to regulate. And here’s the first inkling that their tactics are working, as more and more one-man-bands decide to sell out and head for the hills. The ‘bigger is better’ theory has been tried in many places, many times. Hospitals, for instance. But can anyone who’s experienced both giant and cottage, say they prefer the huge, impersonal regional monoliths; however (supposedly) efficient and crammed with expertise they may be? I don’t think so. Give me a GP who comes to see me and knows my name, any time.

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“Simon Evan-Cook: FCA must wake up to consolidation damage”

“Simon Evan-Cook: FCA must wake up to consolidation damage”

This is where I can don my ‘been around the block, seen it all before’ mantle. What’s happening in our business/industry/profession at the moment is a lot of what’s become known as consolidation, big companies, many fuelled by private equity, buying up smaller firms or taking over the clients of retiring advisers.