Advice stalwart on why consolidation is a 'flawed business model'

The advice industry will move into a period of deconsolidation, Secomb tells Professional Adviser. "It is not showing up necessarily the financials yet but it's showing with the clients." She says she has had conversations with advisers who have been consolidated and are feeling "very unloved and displaced in their new homes". "We have clients approaching us who are not happy with their new provider all the time." The regulator should be questioning business models that take small IFA practices and places them into a vertically integrated advice engine, Secomb argues. She add...