Future bright for IFAs
Many advisers have said that the combination of increased interest in the sharemarket, prompted by the Government sell-off of state-owned assets, and low interest rates, were driving people to seek out advice about investing in equities in particular.
Hamilton Hindin Green director Grant Williamson told media this week that IPOs were “cream” for broking houses. The level of IPOs is higher than has been seen in decades. Other investment advisers said the market was more buoyant than it had been in a decade.
IFA president Nigel Tate said the market for financial advice was about to take off. Those advisers who had stuck around and got through the upheaval of new regulation would be well positioned to make the most of a period of growth, he said.
“In terms of anything in the financial sector, if you’re coming in now, you’re starting at a very good time because the regulation has been established. As long as you go into the right pathway, you’ve got a good future.”
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