Advisers Preferring Private Licensees to Institutions

Having previously looked at some analysis of new and ceased adviser numbers for the period of Dec 2018-Feb 2019, we now turn our attention to advisers who are returning to the industry and/or switching between licensees. During this period, there were a total of 920 existing advisers who either switched from one licensee to another – or who returned to the industry with a new licensee. The indications from this analysis again show a preference among advisers for privately owned licensees.