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A Discussion with Peter Harrison, CEO of Schroders (2020, REPLAY)

Money Maze Podcast

CHAPTER

Is There a Gap in the Advice Gap?

Heineworth has been expanding its wealth business at the ultra high net worth end with Casanova and Hall. And then in the mass affluent world with his joint venture with Lloyd's. The combination of those working with the referrals will be, I think, help fill that advice gap which exists in the UK. There was something like 29,000 financial advisors in the country and their average age is 59. So there's no wonder we've got an advice gap and technology and growing new advisors through academies will be the answer to that.

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