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BBB rejects multi-tie route

Berkeley Berry Birch says it will not go down the multi-tie route as a way of raising capital because it would go against the wishes of the majority of its advisers.

Marketing director Carey Shakespeare says some nat-ional IFAs have set-up multi-tie operations, not because their advisers wanted this but because directors needed to raise quick money.

BBB is in discussions to wipe out its 12m capital adequacy deficit but Shakespeare says the firm has not changed its mind about remaining independent and any change of heart would only come if desired by the majority of members.

He says: “I believe that the vast majority of our advisers want us to remain indep-endent.”


A little too hard to stomach

Positive Solutions’ charis-matic chief executive David Harrison really does insist on an open forum with his IFA partners. At the annual confer-ence last week, Harrison felt it necessary to share with the 1,000-plus audience that a recent spell of medication had tampered with his digestive system. Seems the reason for taking them in the first […]

Taking in vista

In recent weeks, there seems to have been a considerable amount of hype bordering on scaremongering appearing in certain other industry trade publications about the risk of IFAs not being ready for the launch of Microsoft’s Vista operating system and the need to take urgent action to prepare for it.

Ashley Law chooses Selestia

Ashley Law has chosen Selestia as its preferred fund supermarket for all its advisers across the UK. Ashley Law follows recent decisions by IFA groups Park Row and SimplyBiz to also use Selestia’s platform. It has 120 registered individuals working out of 70 franchise offices across the UK and says its strategy is more customer-centric […]

Invesco VCT to offer 25m in new shares

The Invesco Perpetual Aim VCT will offer 25m in new ordinary shares in January 2006. The trust launched in June 2004 and was the most successful by a new entrant into the VCT market, raising 25.1m through an offer for subscription.


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