Emma Ann Hughes 

Why Brexit could be good news for advisers

Emma Ann Hughes

Emma Ann Hughes

"It restricts the development capital available to firms and prevents restructuring. It must go."

The report, which extrapolated the results of its survey across the entire industry, also compared free capital – described as the amount a firm could invest to re-design its sales process and incorporate the use of more technology to create a more sustainable business. 

The figures showed 47 per cent of single adviser firms have less than £25,000 to invest and 43 per cent of firms with two to four advisers have less than £50,000 to invest as free capital. 

Fingers crossed that with Brexit we get a regulator that once no longer bound by Brussels can review and change rules which may have held back the industry and failed to help consumers.

emma.hughes@ft.com