Advisers are struggling to service clients with lower assets

IFAs say supporting smaller portfolios is increasingly challenging

Financial advisers are increasingly struggling to serve clients with lower investable assets, Octopus Money has found.

The research shows that on average, 54% of advisers’ clients books have under £100,000 of investible assets, but 75% said supporting these smaller portfolios is increasingly challenging.

It suggested the increased regulatory demands have had unintentional consequences for clients with lower assets, according to Octopus Money.

Almost half (45%) of advisers have redirected their focus to onboarding clients with higher assets in the past 12 months, with another 45% planning to do so, potentially shrinking the access to advice.

Minimum asset thresholds increase by 12% to £214,000

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https://www.professionaladviser.com/news/4341144/advisers-struggling-service-clients-lower-assets?utm_campaign=Professional%20Adviser%20Newsletters&utm_medium=email&_hsenc=p2ANqtz–kbubRTi5GmsepYZrHgAowIYN4dt5DQUAa3LdLLEG9ngiKPu8Zyl1Q8Y7vpM7DllKAt6EOfXAi0mDyERWFT66YVISm_SNUWbpZEoPMsVJ_V70DFA8&_hsmi=92183561&utm_content=92183561&utm_source=hs_email

Advisers are struggling to service clients with lower assets
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