Majority of advisory firms expect increased cost pressure this year

Despite this, advisers remain ‘cautiously’ optimistic the economy will improve

Isabel Baxter
clock • 1 min read

More than half (55%) of investment banks and advisory firms expect increased cost pressure this year compared to 2022, according to Acuity Knowledge Partners.

Despite this, investment banks and advisory firms are cautiously optimistic that markets will modestly revive through the second half of 2023, despite the current economic uncertainty. Acuity's research was conducted among 75 senior executives that represent 65 boutique advisory firms, mid-market investment banks, corporate and investment banks, and independent advisory firms worldwide. Out of these firms, 40% have headquarters in Europe, including the UK. The findings also revealed that 58% of the senior executives of leading investment banks and advisory firms surveyed expect only a...

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 Your profession

Pensions IHT exemption removal 'will come as a blow'

Pensions IHT exemption removal 'will come as a blow'

'Removal of IHT exemption will result in a double tax hit for beneficiaries'

Sahar Nazir
clock 31 October 2024 • 2 min read
What's keeping financial advisers awake this Halloween?

What's keeping financial advisers awake this Halloween?

Four experts highlight what might be spooking advisers this year

Professional Adviser
clock 31 October 2024 • 3 min read
Changes to pensions and IHT rules will be a 'bureaucratic nightmare' for families

Changes to pensions and IHT rules will be a 'bureaucratic nightmare' for families

LCP says changes announced in Autumn Budget will ‘greatly’ add to the burden families face

Martin Richmond
clock 31 October 2024 • 3 min read