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Latest data on adviser numbers revealed

Research from data firm Matrix Solutions has set out the latest shifts in adviser numbers one year on from the RDR.

The latest update of Matrix’s observatory report on financial advisers shows the number of authorised investment intermediaries fell by 0.1 per cent between December 2013 and January 2014, from 23,811 to 23,778.

Between December 2012 and January 2014, the number dropped by 0.6 per cent, from 23,923 to 23,778.

The decline has been greater among those directly authorised, with the number of appointed representatives holding steady.

The number of DAs fell by 1.5 per cent between December 2012 and December 2013, from 11,845 to 11,665.

Between December 2013 and January 2014, the number increased slightly to 11,701. Comparing January 2014 and December 2012, the number fell by 1.2 per cent.

The number of ARs, meanwhile, has remained flat.

In January 2014 there were 12,077 ARs, which compares to 12,078 in December 2012. The number rose slightly in December 2013, to 12,146.

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  1. So in the tear Dec-12 to Dec-13 there were only 180 Das less. How many of those were natural retirements? So where is all the bloodbath in numbers that so many were screaming about.
    It is a pity the article doesn’t show the change in ARs between these dates. I guess it must have been rather larger.

    Now for the really controversial bit – if the majority of the decline were made up of ARs who were bank or network advisers that rather points to the rather low standards prevailing pre RDR. In which case it would seem that RDR did what it set out to do – raise standards.
    As a rough rule of thumb Das are and mostly have been of a reasonable standards when compared to the rest – logical when you think about it really.

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