A study produced by Cass Business School and Fidelity has concluded that £61,000 is the minimum amount a client must have to invest in order to be profitable for a financial adviser.
The survey claims that just 14 percent of adults would pay for advice, with less than half of those adults having a big enough portfolio to make them a profitable client for an adviser.
Another conclusion from the study was that advisers may have to turn potential clients away who are not deemed profitable enough.
