NextWealth Financial Advice Business Benchmarks Report 2025 - Report - Page 26
NextWealth Financial Advice Business Benchmarks Report / October 2025
Targeted support
Financial advice 昀椀rms by and large do not see targeted support
as a service they will offer. Nearly half of 昀椀nancial advisers
say their 昀椀rm is not considering targeted support. One in four
say it’s too soon to tell. Only 4% are actively exploring offering
targeted support. This rises to 9% for just those respondents
who work at 昀椀rms with more than 50 client-facing advisers.
In practice, it’s seen as a vertically integrated play, where
product fees can fund the service; most advice 昀椀rms can’t
make the economics work.
Figure 30: 4% of 昀椀nancial advice professionals say their 昀椀rm is considering offering targeted support
Q Are you considering offering ‘targeted support’ (as outlined in CP24/27 – Advice Guidance Boundary Review)?
Regulating for growth
“Regulating for growth” signals the FCA’s tilt toward ef昀椀cient,
tech-positive, pro-innovation oversight, while protecting
consumers and markets. The FCA’s 昀椀ve-year strategy to be a
“smarter regulator” includes exploring how regulation affects
growth and productivity.
For advice 昀椀rms, where regulation is consistently cited as the
biggest constraint, the prize would be much-needed capacity:
widen access to advice, cut paperwork, spend more time with
clients. We’ll be tracking how this agenda translates into practice.
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