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Profession prepares for bounceback

Open-access content Thursday 2nd December 2021
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NextWealth and the PFS’s latest Financial Advice Business Benchmarks (FABB) report shows the profession is all about growth in 2021, with optimism for a strong bounceback after the challenges of 2020.

The FABB 2021 report shows:

  • Average portfolio size is up to £345,693 from £305,175 in 2020
  • 65% of advisers have increased their number of clients (45% in 2020)
  • 57% of financial advice businesses plan to recruit in the next 12 months (32% in 2020).

Heather Hopkins, managing director of NextWealth, said: “Demand for financial advice is strong and firms are responding to that growing demand. Our report paints a rosy picture for the profession as firms emerge from the pandemic with strong levels of optimism for the future.”

To read the report, visit: www.thepfs.org/101383

Image credit | iStock
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This article appeared in our WINTER 2021 issue of Personal Finance Professional .
Click here to view this issue

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