Since the implementation of the retail distribution review (RDR), most independent financial advisers (IFAs) have retained their client base, reveals new research from national IFA Positive Solutions.
The new research revealed that more than three-quarters of those polled said they have not lost any clients since the change was brought in.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company surveyed 212 of its partners about life post RDR and found 14% have lost between one and ten per cent of their customers in the period following the introduction – markedly less than the 78% who have kept all of theirs.
IFA also said that one per cent has lost 21 to 30% of their clients since 1 January 2013 and three per cent have seen their base decrease by more than 30% in this time.
Despite this, the findings also showed that 27% of respondents said RDR could pose a threat to the advice side of their business.
Positive Solutions head of development and service, Ian Clisby, said: "the results highlight the fact that IFAs cannot rest on their laurels in the current climate, while prioritising guidance and business development support is important."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Our focus now is on making our business more appealing to IFAs and ensuring we help our partners build stronger and more profitable businesses with the aid of initiatives such as our IFA masterclass programme," Clisby added.
