Nucleus: Advisers 'struggling' to grow business despite positive outlook

Good staff demand a premium salary

Nicola Brittain
clock • 2 min read

Advisers are "struggling" to find new staff despite growth in demand, according to Nucleus director Barry Neilson, following the release of a new report.

The report, called Nucleus Census, questioned 200 advisers about themselves, their business, their clients and their views on the industry. Nucleus produces the report on a yearly basis. The survey found  100% of users were either positive or extremely confident about the future of their business, as was the case in 2014 and 2015, and that this positivity appears to be well-founded. The report states that average gross turnover improved year-on-year with almost 72% of adviser firms who responded generating a turnover of more than £400,000 in 2015. Neilson said: "The majority of advise...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform due diligence: A comprehensive approach

Platform due diligence: A comprehensive approach

Due diligence is more than best practice it is ‘fundamental'

Stephen Ford
clock 18 November 2024 • 4 min read
Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock 15 November 2024 • 4 min read
Schroders UK Platform Awards 2024: Full list of winners revealed!

Schroders UK Platform Awards 2024: Full list of winners revealed!

See who took home a trophy at last night’s ceremony in London

Professional Adviser
clock 25 September 2024 • 1 min read