Skip to main content

Our Chartered Directors are here to stay!

Advisers need to be picky when it comes to deciding which clients to take on. New research has revealed 60% of advisers turned away prospective clients in the last year. The reason is not hard to guess: there are far more clients than advisers, and numbers in the profession are only getting smaller. The same research by Octopus Investments states that as many as 15,000 advisers plan to leave the profession in the next 10 years. A poll of 255 financial advisers and 1,000 students, found that six out of 10 advisers had felt forced to reject prospective clients in the last 12 months. The new figures published today raise questions about the profession’s ability to service a rising demand for its services. When asked about their future plans, 29% of the advisers surveyed said they intended to retire by 2025, a figure which rose to 62% by 2030. According to Octopus, this equates to around 15,000 advisers eyeing up an exit from the profession, a slight increase on the 58% of respondents who last year intended to leave finance by the end of the 2020s.

Please let us reassure you, we are not going anywhere! Our desire to grow the business remains as strong as ever as we are passionate about what we do and therefore building a business that focuses on good client outcomes, ethical working conditions, qualifications, technical ability, holistic financial planning and successful professional relationships is at the heart of our Company’s ethos now and will be for many years to come.



Popular posts from this blog

A word from our mortgage adviser Rachael Smith

I thought I would share some interesting facts below from a recent Rightmove Report:
Busiest month for ten years as home-buying supersedes summer holidaysRulebook rewritten as post-lockdown mini-boom accelerates and home-moving fills the holiday voidHighest number of sales agreed in a month since we started tracking this data over ten years ago, up by 20% on the previous high, and with a record total value of over £37 billionHighest number of properties coming to market in a month since March 2008 as more movers join inLatest weekly sales agreed figure up by 60% compared to the same week in 2019 as buyers ignore the usual summer holiday slowdownUnseasonal record high for new seller asking prices in seven regions, but London drags down the national average to a 0.2% fall due to its own more typical 2.0% seasonal monthly drop. The out-of-city exodus drives prices in places like Devon and Cornwall to new recordsRecord levels of buyer activity lead to processing delays and mean that patien…

An update from our Mortgage & Protection Adviser

Mortgage lenders have been working hard to get to grips with the current pandemic. There has been a lot of positive movement in the mortgage market that we want to share with you.

Loan to value limits are now starting to increase again meaning lenders are now lending more money based on the value of your property. This is great news for anybody looking to borrow some extra money on their mortgage, remortgage their property as their rate is coming to an end within the next 6 months, or looking to buy a house with a smaller deposit.
Automated valuations are now becoming easier. This is where a valuation is completed from the computer rather then having to visit the property. This is pushing applications through a lot quicker. Not only are these being completed more frequently but they are also being carried out on higher loan to value mortgages.
More Buy to Let products are now coming back to the market. This is great for any landlords looking to increase their property portfolio or anyon…

Welcome Rachael Smith

We are extremely pleased to welcome Rachael Smith our new Mortgage & Protection Adviser to Allen Tomas & Co.

Rachael began her career in financial services in 2011 and has worked within a large Bank, Building Society and a network of successful UK Estate Agents. Her roles have included banking, management, coaching and a fully qualified Mortgage & Protection Adviser.

Rachael, not only has a wealth of knowledge within mortgages but also in the property and estate agency sectors. She is passionate about providing her clients with the best independent advice by offering her services in buying and selling property, commercial loans, residential mortgages such as re-mortgaging, bridging loans, buy to let, self-build, development finance and advising on financial protection for her clients and their families.

In her spare time Rachael loves long walks with her partner and cocker spaniel Milo and enjoys socialising with friends and family.