The vast majority of advisers (81%) expect their business to grow over the next 12 months, with their level of net assets under management (AuM) foreseen to increase, according to a study by Quilter Financial Planning.
Over six-in-10 expect their gross turnover to rise over the next year as well, with only 5% predicting a significant fall.
Additionally, 63% surveyed believe the number of fee-paying customers will grow over the same period, while 23% think it will stay the same.
They seem to be fairly confident (70%) that the UK economy will encourage clients to make investments in the next 12 months, but they are split as to whether customers will borrow money.
Gemma Harle, Quilter Financial Planning managing director, said: “After a difficult year and a half, the outlook is looking much brighter for the UK and the economy, so its pleasing to see this now being reflected in advisers’ predictions for the future.
“Although the threat of variants still looms, the successful vaccine programme has revealed a future we had not dared to dream about just a few months ago.
“With many new and current clients sitting on significant lockdown savings, or potentially experiencing significant life changes due to redundancy or career change, there is a growing demand for advice to help ensure they make the right financial decisions at the right times.”
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