View more on these topics

20% of top IFA firms are losing money, says Plimsoll

One in five of the top 1000 IFA firms are losing money, according to analysts Plimsoll Publishing.

A survey of 1000 of the best financially performing firms shows that 393 firms have seen their profits fall over the last 12 months, with one in five currently losing money.

But Plimsoll says 606 firms have increased profitability, some reporting margins of over 10 per cent.

The analysts say 363 firms have seen their sales decline by as much as 19 per cent and 440 firms have seen sales rise, some by up to 15 per cent.

Plimsoll says the market is showing no overall growth, compared to growth of almost 3 per cent this time last year.

Plimsoll senior analyst David Pattison says: “The recession has been a good thing for a number of companies, it has sharpened their management and improved the accountability of the directors, so much so that these reorganisations are already leading to an increase in profitability.

“However for those that have yet to come to terms with this changing market, times are tough and they risk falling further behind the successful competition unless they respond to this changing market.”


Active managers ‘add value’

Octopus Investments has warned it may be tougher to manage its multi-manager Omnis funds within their cost caps because irrational markets are likely to increase the need for active managers.

Malone sees renting culture

PMS managing director John Malone forecasts a new housing market landscape with the decline of owner-occupation and life offices buying up huge property portfolios.

Henderson rebrands UK retail business

Following the acquisition of New Star Asset Management, Henderson Global Investors has rebranded its British retail business as Henderson New Star.This is the second of the three main integration phases relating to the acquisition of New Star. The first was the completion of the deal and the third phase will be full administrative integration, the […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm