8% of financial advisers believe they will stop trading in the next three years.
A further 45% will see their business contract or remain flat as they struggle to adapt to the Retail Distribution Review (RDR), according to research conducted by Foster Denovo.
Only 47 per cent of advisers questioned anticipate growth, while 43 per cent indicated that it will be difficult to maintain profitability, and the same number stated that it will be a challenge to generate more revenue per client.
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