IFAs confident about future

Principals of IFA firms are overwhelmingly confident about their businesses for the next one, three and five years, according to research conducted by threesixty among its 350 members.

The survey showed 98 per cent of principals are confident about the next 12 months, although the figure falls slightly to 93 per cent regarding the next three years and 90 per cent for the next five years.

The reasons for feeling confident cited by the principals included increasing demand for independent advice, failure by banks and multi-ties to impose market dominance, efficiencies from technology, regulatory pressures appearing to peak, stability in financial markets, the low likelihood of the global economy going into recession, increased demand stemming from A-day and ever increasing trail fees from funds under management.

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