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.
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Number of financial advisers in the United Kingdom 2016-2023
The total number of financial advisors in the United Kingdom decreased overall from firms in 2016 to in 2023. This was mainly due to the decrease in restricted advisors. Independent advisory firms are companies that give personal recommendations based on a comprehensive and fair (unbiased) analysis of the relevant market. Independent firms made up the majority of financial advisors during the years displayed. As opposed to the number of firms, the total value of financial advisory charges in the country increased steadily since 2016.
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Financial Conduct Authority. (August 2, 2024). Number of financial advisers in the United Kingdom (UK) from 2016 to 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /statistics/317905/number-of-financial-advisers-in-the-united-kingdom-uk/
Financial Conduct Authority. "Number of financial advisers in the United Kingdom (UK) from 2016 to 2023." Chart. August 2, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /statistics/317905/number-of-financial-advisers-in-the-united-kingdom-uk/
Financial Conduct Authority. (2024). Number of financial advisers in the United Kingdom (UK) from 2016 to 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /statistics/317905/number-of-financial-advisers-in-the-united-kingdom-uk/
Financial Conduct Authority. "Number of Financial Advisers in The United Kingdom (Uk) from 2016 to 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Aug 2024, /statistics/317905/number-of-financial-advisers-in-the-united-kingdom-uk/
Financial Conduct Authority, Number of financial advisers in the United Kingdom (UK) from 2016 to 2023 ÌÇÐÄÆƽâ°æ, /statistics/317905/number-of-financial-advisers-in-the-united-kingdom-uk/ (last visited August 05, 2026)
Number of financial advisers in the United Kingdom (UK) from 2016 to 2023 [Graph], Financial Conduct Authority, August 2, 2024. [Online]. Available: /statistics/317905/number-of-financial-advisers-in-the-united-kingdom-uk/
