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Some 71 per cent now have a more optimistic outlook for the wider financial services industry, a poll conducted for support services group Bankhall has said.

Stephen Gazard, managing director for the Sesame Bankhall Group, said: “The financial advisory community has been through considerable change in recent years, but this research reinforces our view that confidence within the profession is growing.

“The fact that, according to our survey, only a small percentage of clients reacted negatively to the RDR will have provided advisers with a much needed boost.

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“Many firms have been investing considerable time and energy in their businesses and it is good to see this hard work being reflected in a more positive outlook. Many advisory firms are now more robust and sustainable, which bodes well for the future.”