That was the conclusion of the Financial Planning Today reader survey, carried out to mark the launch edition of the new digital Financial Planning Today magazine, which was published for the first time last week. See below for how to access the magazine.
The poll results for the future of Financial Planning cover feature showed about 75% think the sector will grow, with 20.4% believing it will expand significantly and 55% saying they expect it to get slightly larger.
No respondents thought it would decline significantly, with just 6% saying they expected it to decline slightly. Nearly 84% said they expect their own business to grow over the next year.
Andy Baker, partner and Financial Planner at Equilibrium in Cheshire, said his firm was very positive about the future of Financial Planning over the next 12 months.
Like the 84% of respondents expecting to grow at least slightly, his firm is expected to expand and he said the survey result showed the sector is in good health.
Another positive, he cited was that “the industry is becoming more and more professional”.
He said: “It’s also interesting - and provides insight into the relative strength of the industry - that most advisers are expecting to grow their business at a time when the economy as a whole is subject to such uncertainty.”
The article also looks at:
- Planners’ views on how they will be using technology and video conferencing in coming years
- A new dawn for the sector after FAMR
- How Brexit might impact on the future of the Financial Planning sector
The feature also includes commentary from:
- Campbell Edgar Chartered FCSI, head of Financial Planning at the CISI
- Keith Richards, Personal Finance Society chief executive
- Sandy Robertson CFPTM, founder and MD of Chartered and Accredited Financial Planning Firm Acumen
- Tamsin Caine CFPTM, Chartered Financial Planner at Accredited Financial Planning Firm Smart Financial
To receive the £6 magazine free of charge you must be a subscriber to our free daily website newsletters. If you are not already a subscriber and would like to see the launch issue of the new magazine please subscribe now below or via the homepage.
Financial Planning Today is a new 40-page digital sister magazine to this website
The new editorially-independent digital magazine has exclusive content produced by a team of experienced financial journalists in London.
Other editorial highlights in the launch issue include:
• Exclusive new features including The Client Hunter, Inside My Business, Planner Casebook and more
• Business growth tips and advice
• Paraplanning news and comment
• Comment and columns from leading planners and other leading figures in the profession plus an exclusive article from former Pensions Minister Baroness Ros Altmann
The magazine is being launched by Portfolio Publishing, publishers of Financial Planning Today and Sipps Professional websites, both of which offer daily news to thousands of professional financial advisers.
For editorial enquiries please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. For advertising enquiries, including jobs advertising, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it. or 01895 678629.