Small advice companies will still have a place in the industry despite rising regulatory costs and dwindling revenues, commentators have predicted.
In this week's front-page exclusive from Financial Adviser, we look at how advisers will fare in the wake of ever-increasing regulatory costs and professional indemnity insurance premiums.
In the story, senior reporter Rachel Mortimer crunched data from the Financial Conduct Authority which showed profits at advice firms of all sizes had dwindled during 2019.
Meanwhile Amy Austin's page 2 exclusive showed Sanlam’s move to charge annual fees of £20,000 or more has caused several advice companies to hand in their notice and seek other means of operating in the market.
And on page 5 Imogen Tew looked at data which shows which sectors benefit most from active management.
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