Financial advisers predicting rise in business over next 12 months

Eighty-one per cent of financial advisers are expecting their level of net assets under management (AUM) to increase over the next 12 months, according to new research from Quilter Financial Planning.

A survey carried out by the wealth expert revealed that a further 62% of advisers expect their gross turnover to increase over the next year compared to the year just gone, while only 5% of respondents expect it to decrease “significantly”.

Similarly, the Quilter study found that 63% of advisers are expecting their number of new fee-paying clients to increase over the next year, with a further 23% expecting client numbers to stay the same.

Quilter Financial Planning managing director, Gemma Harle, said that the outlook is looking “much brighter” for the UK and the economy after a “difficult” 18 months.

“Its pleasing to see this now being reflected in advisers’ predictions for the future,” Harle commented. “Although the threat of variants still looms, the successful vaccine programme has revealed a future we had not dared to dream about just a few months ago.

“With many new and current clients sitting on significant lockdown savings, or potentially experiencing significant life changes due to redundancy or career change, there is a growing demand for advice to help ensure they make the right financial decisions at the right times.”

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