Leading MF advisors expecting a 20% fall in revenues: Survey

Most IFAs seem to be unhappy with the way MFs are passing on the entire burden of TER cuts to them

A cut in commissions has severely battered the confidence of independent financial advisors (IFAs) in their ability to grow their revenues. A recent survey by WealthForumTV showed that leading IFAs (on an average) were expecting a 20 per cent drop in revenues. 

According to the survey, the IFAs’ confidence in growing revenues and volumes stood at an eight-year low, which also means the willingness of IFAs to invest in the mutual fund (MF) business was at an eight-year low. The survey analysed responses from 246 leading IFAs across 45 cities. The survey also showed that most IFAs were unhappy with the