IslamicFinance.de

According to the latest study of strategic consultancy Insight Discovery, the number of advisers in the UAE is as high as 3,700. This is far beyond any expectations and indicates a surfeit of advisers. The total number constitutes of 1,050 independent financial advisers, 650 private bankers from international and local banks, and about 2,000 advisers from UAE banks. The study also stresses on the need to increase regulatory approval and supervision of advisers. The three largest independent adviser companies are said to be Nexus, de Vere’s, and Globaleye’s 80.