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Beaufort profits hit £232k

National advice firm Beaufort has posted a pre-tax profit of £232,303 for the year ending 31, March up from a £253,172 loss last year.

Set up in 2012, the firm’s turnover increased 77 per cent from £1.09m to £1.93m.

Cost of sales increased from £136k to £443k, while administrative expenses increased 4 per cent from £1.2m to £1.25m

Across nine appointed representative firms Beaufort has 26 advisers and 12,000 clients, both corporate and private.

The firm’s discretionary investment management arm has £330m assets under management.

Chairman Simon Goldthorpe says: “In the advice industry profit sometimes seems to be a novelty – we are not a consolidator fattening up for sale, we are a commercial enterprise building a business with longevity and sound, financial foundations.

“Our decision not to replicate the tired ‘network’ formula and emulate a structure favoured by other professions, notably accountants and solicitors, has worked well.”



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Kim North: Stakes are too high to gamble on Ucis

I have been sent thousands of mailings over the years promoting unregulated collective investment schemes, ranging from South American ostrich farms to student accommodation in Newcastle and care homes in Bournemouth. Some offers are attractive, while others make the hairs rise on the back of my neck as the inherent risk is so high. I believe […]


Cameron issues plea to Scots on independence as fund groups pull cash

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Nucleus CFO to leave for Zurich

Nucleus chief financial officer Aileen Mathieson is to join Zurich as chief investment officer.  Nucleus chief executive David Ferguson says: “Over the last five years Aileen has played an important part in the growth and development of the company, which delivered its strongest ever financial results earlier this year. “The team she leaves behind are extremely knowledgeable […]


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