In the process of ‘freshening up’ our website, I looked at those of a selection of other advisers, both local and national. Only around 20% show their charges, and many are so complex, trying to be all things to all men, that their ’visibility’ doesn’t help much. Ours, for better or worse, are very straightforward. If anyone wants fixed fees or an hourly rate we have to tell them to go elsewhere; and some think we’re too expensive. But we’re mostly better than most. I’d say.
“Worry for profession as young adviser numbers plummet”
There are around 31,000 advisers currently authorised by the FCA to give advice. Of these only around 6% are under 30 and 84% of all advisers are male. There are 209,000 solicitors, 7,000 young ones enter the profession each year and 52% of all solicitors are now female.