Trading Update17 Nov 2020 08:25
In the current climate, average savings must have gone through the roof for those who have been unaffected by furloughing and redundancy (those using financial advisers are probably on the whole largely unaffected). The average Joe has excess money at the end of each month that he has probably never had before and is investing it. I am a member of a few forums, totally unrelated to finance, and everyone is investing, particularly during the strong recovery. The brokers are also reporting record revenues. However, AFH fees appear to be flat-lining which is quite surprising. The reasons for this are not explained. Are AFH portfolios generally very UK biased, and it has seen it's clients pots shrink over the last year, hence lower fees? Any ideas anyone?