IFA: How to navigate challenges and seize the opportunities

In the latest episode of the ifa Show, host Maja Garaca Djurdjevic sits down with founder and director of Forte Asset Solutions, Steve Prendeville, to dissect what makes a successful advice business in 2024. Ahead of his appearance at the Adviser Innovation Summit 2024, Prendeville discusses the evolving advice landscape, touching on the challenges and opportunities that lie ahead. Listen as he discusses: The resilience of advice businesses in navigating challenges like high inflation and interest rates, highlighting the importance of organic growth opportunities. The stabilising trend in profit margins for advice businesses, leading to increased reinvestment in operations. Trends shaping the advice profession, including digital service delivery, ethical investing, and advisers' move towards self-licensing for greater control over their business models.