Bringing you live news and features since 2006 

Feedback

Adviser confidence is growing, says Ascentric

RELATED TOPICS​

Advisers are now ‘more confident about the financial services sector than they were a year ago’, according to a survey by Ascentric. The survey was taken at the Ascentric Conference attended by more than 200 advisers in Manchester, Bristol and London.

 Some 69% of respondents agreed with this statement indicating a growing sense of optimism in the ability of advisers to handle the degree of change taking place in the industry as a result of RDR. This result was reinforced by 88% of delegates who stated that they were ‘confident in the future direction of their business’.
 
The survey also showed that advisers were happy to operate a flexible fee structure based on client requirements with 53% charging a mixture of hourly, a percentage of assets and fixed fee. Unlike other professional sectors, just 3% of advisers surveyed only charge an hourly fee.
 
However, advisers still need convincing that social media is a way to broaden the reach of their brand, with 37% of the audience disagreeing with the idea. The findings supported the notion put forward at the conference by Philip Calvert, Founder of networking site IFA Life, that the use of social media and the internet is substantially underused by the financial services industry.
 
Steve Billingham of Steve Billingham Consulting, says: “What is really pleasing about this survey is that such a significant proportion of advisers feel positive about the future direction of their business, which demonstrates that they see themselves as "survivors" rather than "victims" of RDR.”
 
Dominic Ventham, Head of Marketing at Ascentric, says: “Change is inevitable under RDR and these findings indicate a growing level of confidence that advisers can use this time as an opportunity to refresh and revitalise their business. It also suggests a real belief that their value propositions will hold up in a fee paying world despite the difficult market conditions.”

 

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by