Seven in 10 (70%) independent financial advisers (IFAs) are positive about their business outlook for the next 12 months, new research by ValidPath has indicated.

The independent advice network said the figure marks an increase of 4% since the start of the year.

ValidPath’s findings, based on research with 54 IFAs during June, revealed that over half are targeting revenue growth of 30% or more, with 41% aiming for a 50% or more revenue increase.

When asked about their growth priorities, 84% of IFAs highlighted attracting new clients, while 65% cited increasing assets under management (AUM).

ValidPath succession development manager, Laura Handy said: “It is great to see IFAs so focused on growth and confident about the future. Being part of a modern network like ValidPath gives IFAs the tools and support they need to achieve their ambitions.

“With access to on demand services, market-leading technology, succession planning, client acquisition, and ongoing consultancy, together with the ability to share best practice with peers, IFAs can concentrate on servicing clients while building businesses positioned for long-term success.”

---