Autus Data Services has produced its latest, authoritative ‘FCA Register & Directory Landscape’ report. It looks at the key numbers and trends in the regulated UK Financial Services market in H2 2023 and is used by many people across the industry to discover what’s going on behind the scenes. The report is compiled from the FCA Register and Directory data.
The UK financial services market is large and diverse. The latest comprehensive report from Autus looks at the key metrics and trends which are shaping the landscape of the industry. And it makes for interesting reading too! You can access your copy of the report using the link at the bottom of this page.
According to Autus, the number of authorised firms has continued to drop with a 3.6% fall in H2 and a 7% drop over the year. The number of individuals who are authorised to provide investment or mortgage advice has again reduced slightly showing a contraction in the industry over the last 6-12 months.
The number of firms reducing significantly more than the number of individuals suggests a continuing movement of individuals into larger firms brought about by both acquisition and natural movement.
A fundamental sales and marketing concept is to define the target market. IFA Magazine readers will be keen to make sure you can see all the relevant Firms and Registered Individuals in it. The financial services industry is forever moving and dynamic in nature. Distribution can be optimised by keeping track of all the changes and updating your systems accordingly. This is where Autus Data Services can help. This document from Autus shows what has been happening recently in various sections of the market.
The Landscape analysis means you can check out all the data which is broken down into smaller segments including roles, revenues, types and sizes of firms, controlled functions etc. for those who are keen to dig down into the detail.
There are some interesting data relating to the largest firms within the industry. St. James’s Place have pushed through the 5,000 adviser landmark following an increase of 77 in the period. 2 Plan, True Potential, Fairstone and Best Practice have continued to increase the number of advisers while Openwork and TenetConnect have both seen significant reductions.
In terms of the mortgage advice market, Mortgage Advice Bureau, Quilter Mortgage Planning, Connells and Key Retirement Solutions, have all seen significant reductions in the number of Registered Individuals while Stonebridge, The Right Mortgage and TMG Direct have grown substantially.
Access the full Autus Landscape report below:
If you experience any technical difficulties accessing the content or if you have any queries, please contact peter.carey@ifamagazine.com
About Autus Data Services:
Autus is a licenced reseller of the FCA Register data and works with organisations operating business to business in the UK Financial Services market to optimise their distribution effectiveness. By knowing all of the firms and individuals in the market and what they are permitted to do they help their clients focus their sales and marketing activities on the right target market, whether that is in the investment, mortgage, general insurance, credit, banking or other sections of the industry.
