Retiring Lighthouse joint chief executive Allan Rosengren says financial advisers have a promising future and adds there is every prospect he will return to the sector.
Speaking to Money Marketing this week, Rosengren (pictured) says he is stepping down from his role to focus on his private equity, investment and property venture Capitecs, where he is founder and chairman.
He says: “The future for advisers looks bright because they are incredibly resilient and I think clients will get used to paying fees. I see up to 90 per cent of advisers staying in the industry after the RDR.
“I would have thought there is every prospect I will come back into a sector where I have over three decades of experience. I am sure there will be people who find that expertise very useful.”
Rosengren founded IFA firm Falcon Group in 1983.
In 2008, Lighthouse and Falcon’s parent Sumus merged and Rosengren joined the Lighthouse board as joint chief executive. Lighthouse Group wound down Falcon this year as part of a restructure of its brands.
Rosengren says highlights of his career include the flotation of Sumus in 2005 and its merger with Lighthouse.
He says: “We created one of the biggest financial services companies in the UK and it was very profitable and cash-rich. It has been a very exciting 30 years.”