Modern management: Technology is expected to play a pivotal role in operators’ future performance
Financial Advisers in the UK
Over the five years through 2022-23, industry revenue is expected to increase at a compound annual rate of 2.6%. Industry demand is affected by disposable income levels, the national savings rate, macroeconomic conditions and demographic trends. In recent years, the industry has been subject to intense consolidation activity, with many larger operators acquiring smaller competitors. Several major companies have also merged, such as Tilney Group and Smith & Williamson, in September 2020, creating one of the largest financial adviser companies in the UK. As a result of consolidation, the industry’s level of market share concentration has ballooned.
Operators in this industry provide financial advice to clients and may be employed to assist with the management of assets. Financial advisers often provide clients with financial products, services, planning or advice related to investing, retirement, insurance, mortgages, savings, estate planning and taxes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.