Poll Results – Better Days Ahead?

There appears to be a general consensus that the value of financial advice businesses is on the rise.

This is one conclusion that might be drawn from the results of our latest poll, in which almost two in three advisers and other industry contributors (65%) agree that advice businesses are worth more today than was the case a year ago. Just over one in five (22%) disagree, however, while 13% are undecided.

This outcome supports the findings recently released by Radar Results, as we reported a few weeks ago, which revealed a general upswing in the value of a cross-section of advice business types, including risk-focussed practices. (see: Risk Advice Practices Worth More).

…the combination of commercial factors which may work for one practice may not be the case for others

Some may view this poll outcome, combined with the Radar Results data, as a signal that better days may be emerging for most financial advice businesses, including those with a risk-focussed commercial proposition. But as we’ve previously been at pains to point out, every advice business possesses its own DNA, and the combination of commercial factors which may work for one practice may not be the case for others.

We can speculate further, but in the end, you know your business proposition better than anyone else. So, do you think this poll result is about right? Do you think commercially better days are ahead for most advice businesses? Or do you think your peers have got it wrong?

Our poll remains ope for another week and we welcome your thoughts…