1. Market Research
  2. > Financial Services Market Trends
UK Financial Advisors 2019: Trends, Concerns, and Opportunities

UK Financial Advisors 2019: Trends, Concerns, and Opportunities

  • March 2020
  • 52 pages
  • ID: 5879466
  • Format: PDF
  • GlobalData
Up to $2588 off Until Dec 10th 2020

Summary

Table of Contents

Search Inside

UK Financial Advisors 2019: Trends, Concerns, and Opportunities

Summary
In many respects, the UK financial advisor market is in strong shape: average revenues are up and the number of active advisors continues to grow.However, the effects of significant consolidation are beginning change the structure of the market.

The number of financial advice firms is declining, and while the vast majority of players are still small outfits the number of larger players with over 50 advisors is on the up.This trend looks set to continue in the future.

Unsurprisingly, Brexit is the chief concern of financial advisors at present, both for the uncertainty it brings and the looming prospect of a financial downturn.Even so, the long-term opportunity in the market is strong, with the aging population bringing consistent growth in a core target market - the over 65s.

There is also ample scope to engage more with younger investors, who are far less likely to arrange investments through financial advisors than their older counterparts.

This report is a comprehensive analysis of the UK financial advice market, with a focus on key issues affecting 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 MiFID II on the UK financial advice industry; and examines factors influencing IFAs’ choice between independent and restricted models. The report draws from our proprietary 2019 UK IFA Survey and our 2019 Banking and Payments Survey.

Scope
- There were 5,246 financial advisor firms active in the UK market in 2018 - a drop of 35 players on 2017. This decrease was mostly felt among mid-sized firms of two to five and six to 50 advisors.
- 74% of advisors see the opportunity in targeting younger consumers. Auto-enrollment and the planned introduction of the Pensions Dashboards should help drive engagement with long-term planning.
- Of the financial advisors that use a platform, 85% work with three or more providers. Competition in platforms is strong, with more than 30 active players. Many believe the sector is ripe for consolidation.

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.
- Discover what is driving consolidation in the UK IFA market to understand how you can benefit from trends.
- Learn how IFAs choose their partners and product providers to increase your penetration of the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
25% Off

($3450)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

New Zealand Retail Banking, 2020 Update - Review, Forecasts and Future Opportunities

  • $ 5250
  • November 2020
  • 34 pages

New Zealand Retail Banking, 2020 Update - Review, Forecasts and Future Opportunities Summary Growth in New Zealand’s retail banking sector has been strong over the past decade. COVID-19 threatens ...

  • New Zealand
  • Banking
  • Financial Services
  • Industry analysis
  • Household Savings
  • Disposable Income

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on