Truly Independent is proud to announce that we have been rated as STRONG in the latest Plimsoll Ratings Analysis, solidifying our position as a leader in the Independent Financial Advisers (IFA) industry.
This analysis is grounded in the most recent data and intelligence, evaluating the financial health of the top 2500 companies within the UK IFA sector.
In a turbulent market, stability and reliability are more critical than ever. The latest Plimsoll Ratings Analysis underscores the challenges within the industry:
- 549 Independent Financial Adviser companies have been given a “Danger” rating.
- 451 companies are struggling with excessive debt.
- 348 companies are in decline.
Alarmingly, 9 out of 10 companies that failed in the past were previously rated as “Danger” in a Plimsoll Analysis. With so much uncertainty swirling around the market in 2024, this latest update is the most crucial yet.
If your business is among those in danger, it’s imperative to consider your options and reflect on the following questions:
Are you facing financial challenges?
If your business is among those rated as in danger, it’s time to consider your options and ask yourself some critical questions:
- Are you receiving a fair retention rate for the amount you turnover?
- Are you using state of the art technology to future proof your business?
- Are you doing what you love doing, advising clients?
- Do you have a guaranteed exit strategy where your clients will be looked after?
- Do you have low PI excess?
- Are you Truly Independent?
There is an alternative
At Truly Independent, we believe there is an alternative. Our robust financial health and commitment to innovation and client satisfaction set us apart in the industry. We utilise cutting-edge technology and provide comprehensive support to ensure our advisers can focus on what they do best—advising clients.
If you are facing challenges in the current market, consider joining Truly Independent. We offer a stable, supportive environment with a clear exit strategy and competitive retention rates, ensuring both your and your clients’ needs are met.
Join us at Truly Independent, where your success and independence are our priority.
For more information, book a Discovery Session using the form below. Learn how we can help secure your future in the Independent Financial Advisers industry.
