The pace of consolidation in the advice industry will speed up, according to John Porteous, group head of distribution at Charles Stanley.
He said he thought Brexit had kept a few plans on hold and added that "on the premise that we get through Brexit to some form of certainty, whatever certainty looks like, I would expect to see more consolidation and more rapid consolidation".
Mr Porteous also weighed up the pros and cons of moving to a vertically integrated structure.
He told FTAdviser: "I am actually a fan of vertical integration. I can see how it can be used powerfully, I can see how it delivers consistent outcomes.
"But I recognise it's not for everybody and I don't believe that it is the only business model that works."
Finally, Mr Porteous revealed his plans in his new role at Charles Stanley.
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