St James\u2019s Place<\/a> led the overall adviser headcount table and added 43 advisers in the last eight months.<\/p>\nOpenwork, which came after SJP, had almost half as many advisers and slightly reduced their adviser headcount.\u00a0<\/p>\n
Rank<\/p>\n
Firm Name<\/p>\n
Number of Advisers<\/p>\n
Change since Dec 2024<\/p>\n
1St. James\u2019s Place Wealth Management Plc5217432Openwork Limited2854-53Quilter Financial Services Limited20788374True Potential Wealth Management LLP1082-152 Plan Wealth Management Limited68686Evelyn Partners Financial Planning Limited405-97Best Practice IFA Group Limited404208Fairstone Financial Management Limited39389The On-Line Partnership Limited367-1510HW Financial Services Limited363011M&G Wealth Advice Limited3581012New Leaf Distribution Limited3463913Sense Network Limited3341514Scottish Widows Schroder Personal Wealth Limited330-1515Quilter Financial Advisers Ltd3148516Evelyn Partners Investment Management Services Limited285817Schroder Investment Management Limited278-118ValidPath Limited2656519Mercer Limited257-1320Quilter Cheviot Limited2456621Evelyn Partners Discretionary Investment Management Limited2434222Wesleyan Financial Services Ltd241-323Chase de Vere Independent Financial Advisers limited226-624Evelyn Partners Securities2231125Raymond James Wealth Management Limited220-126Evelyn Partners Investment Management LLP2152327Tilney Discretionary Portfolio Management Limited2141228Succession Financial Management Limited209629AFH Independent Financial Services Limited203430Quilter Financial Planning Solutions Limited201-18<\/p>\n
Source: ISS Market Intelligence<\/p>\n
Benjamin Reed-Hurwitz, head of research development, EMEA and North America at ISS Market Intelligence said: \u201cThe financial services industry is continually evolving and adapting.<\/p>\n
\u201cWhile keeping pace with developments across various areas of the market presents a significant challenge, it remains a key priority for sales and marketing teams aiming to succeed in the industry.\u201d<\/p>\n
The report also found that in the investment advice space,\u00a0most firms still prefer to offer independent, rather than restricted, advice. <\/p>\n
The number of restricted firms has dropped by over 25 per cent from 848 in 2016 to 632 in 2023.<\/p>\n
However, ISS said the picture is more complex, as large restricted firms with many advisers will only count as one firm.<\/p>\n
tara.o\u2019connor@ft.com<\/p>\n
What\u2019s your view?<\/p>\n
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Almost 8,000 firms have been de-authorised by the Financial Conduct Authority over the past eight months, including 800…\n","protected":false},"author":2,"featured_media":188752,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,86586,25815,94519,131,132],"class_list":{"0":"post-188751","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-financial-conduct-authority","13":"tag-ft-adviser","14":"tag-iss-as","15":"tag-personal-finance","16":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/188751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=188751"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/188751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/188752"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=188751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=188751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=188751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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