Armchair Critic: What does the current burst of acquisitions mean for advice?

Expansion, not consolidation, key for advice sector

clock • 4 min read

Industry consolidators do not need extra attention from the regulator, argues Professional Adviser's Armchair Critic - they just need to remember who they are buying and why

Building up a business and selling it to make some capital is a well-trodden path in any market economy and it is very natural that some adviser practices would do just this. I have no sympathy with Royal London's call for the FCA to scrutinise the outcomes where a financial advisory practice is sold to a life group as with, say, Standard Life with its 1825 brand. While I have argued in this space that vertical integration carries risks for the consumer, I would say it is up to all parties involved within the business to ensure consumer value. Whatever you say about vertical integration,...

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

A quarter of women struggle to find an adviser they trust – report

A quarter of women struggle to find an adviser they trust – report

Only 11% of women feel very confident about retirement

Isabel Baxter
clock 05 March 2025 • 2 min read
Andrew Goodwin: Advisers should help shape the future, not predict it

Andrew Goodwin: Advisers should help shape the future, not predict it

'Disappointment erodes confidence and generates anxiety'

Andrew Goodwin
clock 04 March 2025 • 5 min read
FCA imposes restrictions on SEI's UK platform business

FCA imposes restrictions on SEI's UK platform business

SEI restricted from launching products and onboarding institutional clients

Sahar Nazir
clock 04 March 2025 • 1 min read