Around 60 per cent of advisers are expecting their income to increase over the next 12 months but 52 per cent are worried about remaining profitable, according to Aviva research.
According to a survey of 982 advisers, 40 per cent expect their client bank to increase, while 44 per cent are concerned about regulatory costs and professional indemnity insurance.
Advisers see execution-only propositions as the biggest threat to their business, with 43 per cent saying they are concerned about losing clients to the DIY market.
Aviva director of intermediary Andy Beswick says: “I think what we are seeing here is that advisers are cautiously optimistic about the financial services sector in the post-RDR world.
“Concerns about remaining profitable may come down to worries about the impact of regulatory fees and levies.”