Our 98% client loyaty rate bucks the trend

Article by Christina

According to a recent survey by AFH Wealth Management, only 7% of clients are loyal to their financial advisor. The survey also found that 95% of clients don’t think that switching advisors is a hassle and that 75% would switch away from financial advisers who didn’t offer value for money.
AFH Wealth Management are a large firm with over 200 financial advisers nationwide and over £5billion in funds under management. Part of their successful business model is to buy up smaller firms and take over their client bases. This probably explains why their survey looked at how easily clients felt they could switch advisers and for what reasons.
The survey also found that the most valued characteristic for an advisor was honesty.
This research is interesting because it’s findings are the total opposite of our experience!
In the 10 years since Christina became a financial adviser, less than 2% of her clients have left to move to another adviser – that’s less than 10 people!
So, our experience is that 98% of our clients are loyal to their financial adviser – quite a difference. The honest way in which we’ve always presented our advice could well be a factor, but we would also consider the very personal service offered by a smaller firm to be equally as important.
Perhaps publishing details of customer loyalty rates would be a good way of providing prospective new clients of the type of firm they might be dealing with?

The Benefit of Independent Financial Advice Explained

Why taking personalised financial advice is a good idea, both now and in the future.

If you have any questions about Financial Planning please feel free to give us a call on 01282 614444 or drop us an e mail to enquiries@ccfps.co.uk

Awards and Accreditations

Pension Transfer Gold Standard
Financial Vulnerability Taskforce
VF 23
Vouched For 2022
Vouched For 2021
Vouched For 2020
Vouched For 2019
Vouched For 2018
Vouched For 2017
Vouched For 2016
Vouched For 2015
Vouched For 2014

Highly recommended to friends and relatives. Contacting Christina was the best thing we ever did. We wouldn’t be in the financial position that we are, without her.

Mr & Mrs L

The service provided was both professional and extremely helpful, without Christina’s help we would have lost money and took a long time to obtain our pension funds.

Mr & Mrs W

Adele, what an easy, straightforward manner you have. It was so good of you to set aside time to look over my finances……you have been kind and concise and I feel a lot calmer. Thank you so very, very much.

Mrs B