Economic Backdrop

The demand for financial advice is currently at an all-time high.  The advice market is growing at 8% compound per annum due to ever changing legislation around pensions, healthcare, mortgages and tax.

In the UK today there is £1 trillion of liquid investable assets held by consumers aged between 50 and 70. As a result, we are seeing more people seeking professional advice than ever before.

The Retail Distribution Review (RDR), Financial Advice Market Review (FAMR) and Mortgage Market Review (MMR) all worked to improve standards and professionalism across the financial advice sector and to increase transparency across the board. While this is a positive achievement for clients, tighter regulation and growing costs have been a challenge for smaller firms. As a result, there are now 30% fewer registered advisers since the introduction of the new standards.

As demand continues to exceed supply, we are always looking for new advisers and firms to join the Fairstone team.