Is the profession in trouble as young adviser numbers fall?

A recent Freedom of Information request by FT Adviser revealed the number of firms authorised to provide retail investment advice has fallen from 6,240 in August 2022 to 5,805 as at February 2024.

Taking a closer look at the adviser numbers, FT Adviser found the number of young advisers has diminished in the past 18 months while the number of older advisers has grown. So what does this mean for the advice profession?

FT Adviser news editor Amy Austin is joined by Keith Richards, CEO of the Consumer Duty Alliance and Mark Ormston, director of propositions and corporate partnerships at Retirement Line, to find out.

The FT Adviser Podcast is the podcast for financial advisers, brought to you by FT Adviser. Each week, we are joined by guests from the industry to discuss the week in news and pressing industry issues.

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