The following classifications for independent and regulated financial advisors can be found in the .:
* Independent advice is where personal recommendations given by a firm are based on a comprehensive and fair analysis of the relevant market and are free from bias.
** Restricted advice is where the personal recommendations provided do not meet the standards of independence, for example, because the advice firm only recommends the products of one provider.
Citation formats
Value of financial advisory charges in the United Kingdom (UK) 2016-2023
The total value of financial advisory charges in the United Kingdom (UK) increased from almost *** billion British pounds in 2016 to approximately *** billion British pounds in 2023. This was despite the fact the number of financial advisors in the UK decreased during the same period.
Independent advisory firms are companies that give personal recommendations based on a comprehensive and fair (unbiased) analysis of the relevant market. Independent firms constituted the majority of financial advisors during the years displayed, with charges to clients increasing to almost *** billion British pounds in 2023.
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Financial Conduct Authority. (August 2, 2024). Total value of financial advisor firms charges in the United Kingdom (UK) from 2016 to 2023 (in million GBP) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /statistics/1018933/value-of-financial-advisory-fees-in-the-united-kingdom/
Financial Conduct Authority. "Total value of financial advisor firms charges in the United Kingdom (UK) from 2016 to 2023 (in million GBP)." Chart. August 2, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /statistics/1018933/value-of-financial-advisory-fees-in-the-united-kingdom/
Financial Conduct Authority. (2024). Total value of financial advisor firms charges in the United Kingdom (UK) from 2016 to 2023 (in million GBP). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /statistics/1018933/value-of-financial-advisory-fees-in-the-united-kingdom/
Financial Conduct Authority. "Total Value of Financial Advisor Firms Charges in The United Kingdom (Uk) from 2016 to 2023 (in Million Gbp)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Aug 2024, /statistics/1018933/value-of-financial-advisory-fees-in-the-united-kingdom/
Financial Conduct Authority, Total value of financial advisor firms charges in the United Kingdom (UK) from 2016 to 2023 (in million GBP) ÌÇÐÄÆƽâ°æ, /statistics/1018933/value-of-financial-advisory-fees-in-the-united-kingdom/ (last visited August 05, 2026)
Total value of financial advisor firms charges in the United Kingdom (UK) from 2016 to 2023 (in million GBP) [Graph], Financial Conduct Authority, August 2, 2024. [Online]. Available: /statistics/1018933/value-of-financial-advisory-fees-in-the-united-kingdom/
