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All just a guessing game

I know I’ve said it before, but this really doesn’t feel like summer yet – in more ways than one. The inconsistent weather seems to be echoing the state of the markets, and the financial services sector is suffering the ripple effect.

Something has definitely prompted a lot of movement, or certainly anticipated movement, in the IFA sector this Summer.

Once again the rumour mill is in a flurry over the future of Burns-Anderson.

The once-troubled network – now firmly on the road beyond recovery and into profit- has a host of bidders knocking on its door, apparently.

Little is confirmed, but the word on the street is that B-A is flavour of the month and there are several names in the frame.

The options available to them though, are broad-reaching.

The network could merge with another, be sold off to a competitor, a provider could swoop in- a popular option at the moment.

Some sources have even suggested mortgage lenders might be keeping an eye on B-A. Suffice to say, the 400-plus shareholders will be crying out for a return.

The firm is celebrating its 30th anniversary this year – Happy (early) Birthday- and the shareholders will be hoping there is another reason to celebrate by the time this landmark rolls around.

Other rumours around the industry this week suggest that two firms are about to see a new captain to steer their ships.

Both Positive Solutions and Openwork are soon to be sans chief executives – there are a number of names in the frame, but sources are indicating that Jim Reeve and Keith Carby are the respective frontrunners at the moment.

Clearly none of the parties involved are prepared to comment, but we are all waiting with baited breath to see who will step into Messrs Johnson and Leaman’s rather big shoes.


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