Number of financial advisers in the United Kingdom (UK) 2016-2018

The total number of financial advisors in the United Kingdom (UK) decreased overall from 5,746 firms in 2016 to 5,678 in 2018. This was due to the decrease in restricted advisors. Independent financial advisory firms actually increased between 2016 and 2018.

Independent advisory firms are companies that give personal recommendations based on a comprehensive and fair (unbiased) analysis of the relevant market. Independent firms made up the majority of financial advisors during the years displayed.

Number of financial advisers in the United Kingdom (UK) from 2016 to 2018

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Source

Release date

June 2019

Region

United Kingdom

Survey time period

2016 to 2018

Supplementary notes

The following classifications for independent and regulated financial advisors can be found in the FCA baseline report.:

* Independent advice is where personal recommendations given by a firm are based on a comprehensive and fair analysis of the relevant market and are free from bias.

** Restricted advice is where the personal recommendations provided do not meet the standards of independence, for example because the advice firm only recommends the products of one provider.

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Statistics on "Financial sector employment in the United Kingdom (UK)"

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