Brooks Macdonald has partnered with SimplyBiz, to host a webinar on 23 October to support advisers regarding the opportunities and challenges presented by the Financial Conduct Authority’s (FCA’s) proposed Advice Guidance Boundary Review (‘The Review’/ ‘The Guidance’). SimplyBiz is the UK’s number one provider of regulatory and business support to the retail financial service market.
Greg Mullins, Brooks Macdonald’s Head of Adviser Solutions, will host the webinar to discuss the key elements of the proposals and the potential impact for stakeholders across the wealth management industry. He will be joined by Alexander McGregor, Head of Policy at SimplyBiz.
Brooks Macdonald recently conducted research, in collaboration with Opinium, a market research and insight agency, to better understand the views of Independent Financial Advisers (IFAs) on the FCA’s proposals to close the advice gap.
The research shows that:
- 87% of IFAs believe there is an advice gap preventing consumers from managing their finances effectively, with 43% considering the gap to be significant.
- Less than half, 47%, felt that they were prepared for an increase in the number and type of consumers that use financial advisers, should the proposals be implemented.
- IFAs believe that 28% of Gen Zs and 36% of Millennials will be most likely to seek advice, as well as benefit from the proposals.
Greg Mullins, Head of Adviser Solutions at Brooks Macdonald, said:
“We are pleased to partner with SimplyBiz to provide valuable resources and insights for advisers as they navigate the proposals outlined in the FCA’s Advice Guidance Boundary Review. Brooks Macdonald has a long-standing commitment to support IFAs to deliver great client service.”
Advisers can register their interest for the webinar via this link.
Notes to editors
Brooks Macdonald Group plc, through its various subsidiaries, provides leading wealth management services in the UK . The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary FUM of £18.0 billion as of 30 June 2024.
Brooks Macdonald offers outsourced discretionary investment management for intermediaries and advice-led integrated wealth management for private clients. The Group also acts as fund manager to a range of multi-asset funds. The Group has a strong local presence across the UK.
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