Adviser profitability, assets and confidence all on the up - survey

Business is booming for advisers, according to a poll that signals increasing profitability and confidence in the sector two years after the rule change doomsayers said would herald its demise.

Advisers' businesses seem to have successfully adapted to changes mandated by the Retail Distribution Review (RDR), according to the Investment Trends 2015 UK Adviser Technology and Business Model Report. Its survey of 900 financial advisers found that in the 12 months to May, a sizebale number said their profits, client balances and confidence had all increased. Three quarters of advisers reported a year on year increase in practice profitability in 2015, up from 65% in the previous year. Advisers are also feeling significantly more optimistic than in 2014, frequently describing t...