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Alan Hughes: IFAs need to weigh in on what advice means

Last week HM Treasury opened a consultation into the definition of financial advice: one of the key issues identified in the Financial Advice Market Review. Firms are reluctant to provide any detailed (non-advised) guidance to investors as they are afraid it will be construed as advice under the regulatory system, with the business then held […]

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AFH boss: ‘We are not a consolidator’

Nobody could accuse Alan Hudson of letting the grass grow under his feet. In the past 26 years, the chief executive of financial planning and wealth management firm AFH has been busy expanding the business he founded in 1990, both organically and through acquisitions. The firm was selectively buying small advice firms even before its […]

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AFH acquires advice firm in £660k deal

AFH has bought the assets of East Anglian IFA CRS Financial Planning for £663,670. CRS will add £25m of assets under advice to AFH. Director Chris Stapleton will retire from the business with CRS’s clients being managed by AFH advisers. The purchase price represents 2.6 per cent of assets under advice. A sum of £378,920 will be […]

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Bank of England keeps rates on hold

The Bank of England has left interest rates at 0.25 per cent at its September meeting, following its cut to rates in August in response to the UK’s vote to leave the European Union. However, the central bank has reiterated that it expects to cut rates further before the end of the year. Its QE package […]

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