Assets in discretionary Managed Portfolio Services (MPS) have grown by 25% over the past year and 11% in the past six months, according to research and consultancy firm Nextwealth.

The value of acquisitions of financial advice firms rose considerably in 2024 due to an increase in the acquisition of firms with over £1bn in assets under advice.

The average ongoing advice fee has climbed 9 basis points from 2023, according to a new fee benchmarking report from wealth consultants NextWealth.

Financial advice firms with between 6 and 50 advisers are increasingly adopting customised platform models, according to new research.

Financial Planners and advisers have very high confidence in the service they provide their clients but are much less impressed by some issues that are not in their immediate control.