Will Financial Advice Remain A Lifestyle Business?


Have you ever wondered what the future holds for advice businesses? What will a typical advice business look like in five or ten years’ time? Will a typical firm be smaller or bigger? Will financial advice move away from being a lifestyle business to more of a professional practice? And what is the role of paraplanners within a ‘model’ advice firm? How is the role of advisers changing?

A recent report by CWC Research in Association with Fidelity FundsNetwork attempts to answers these questions!

The report titled – No Small Change: Benchmarking the Adviser Business – was authored by Clive Waller. The report big on paraplanners and their roles within advice businesses.

In this podcast, I caught up with Clive to talk about the findings of the report and implications for advisers.

I believe that the role of an adviser as a rainmaker is more crucial than ever; and in fact, one of the core ideas that we share with the advisers we work with in our para-planning business is that they are rainmakers and as you will hear in this interview with Clive, ‘rainmakers should rain-make, they should make tea!’




Abraham Okusanya
Abraham is the founder of FinalytiQ, a research consultancy for platforms, asset managers, and advisory firms. Recognised as one of the country’s leading experts in retirement income, platforms and investment propositions, Abraham has authored several papers on these subjects and delivered talks to the Personal Finance Society, The FCA and several conferences across the country.

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