The number of regulated advice firms has almost recovered to pre-RDR levels, data published by the FCA shows.
The data shows that as of 31 July 2014, there were 5,295 regulated personal investment firms. This is up by 1 per cent on the 5,229 advice firms in 2013/14.
In the run up to the RDR, the number of advice firms fell from 5,429 in 2009/10 to 5,237 in 2010/11. In 2011/12, there were 5,330 firms.
The FCA has not published details on the number of individual advisers.
The latest figures on individual adviser numbers show there were 21,881 advisers in January 2014, up by 1 per cent from 21,684 in July 2013.