Three in four financial advisers (76%) are feeling optimistic about the future, according to a new study from SimplyBiz.

Just 3% of advisers said they have negative feelings about what lies ahead for their business post-pandemic.
 
The survey, which was conducted during July and saw over 300 SimplyBiz member firms respond, found that 93% of advisers will continue to offer digital engagement options to clients, alongside face-to-face meetings. 

Fifty-eight per cent of respondents have seen an increase in the size of their client-bank since the start of the pandemic, with just 5% reporting a decrease in size.

Furthermore, just one in five advisers (19%) are planning to exit the industry in the next three years.

SimplyBiz marketing director, Richard Ardron, commented: “The past 16 months have been tough for all of us, and it’s fantastic to see results of our survey demonstrating, once again, the resilience and ability to adapt which is so prevalent within the adviser community. 

“Overall, the results revealed both that advisers were generally optimistic about the future, and that they have reason to be. With client banks growing, understanding of the importance of advice increasing and more channels of communication between clients and advisers now available, the future looks very positive for our sector.”

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