Last Years Adviser Gains Wiped Out

Our latest research shows the potentially massive impact that new regulation has had on advisers joining and leaving our industry. All of the gains in adviser numbers last year have been wiped out in the first 6 months of 2019 as record numbers of adviser’s cease being authorised to provide advice. In terms of raw adviser numbers, the industry grew by 10% last year and has shrunk by the same amount this year.