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Big contracts follow Barber in IFG move

IFG Financial Services has picked up the introducer contract for UHY Hacker Young Chartered Accountants subsidiary UHY Financial Planning (Manchester) from AWD.

The contract is coming with Paul Barber, a former manager in the wealth management division at AWD, who is moving to IFG in what the firm is calling the first-ever poaching of an adviser from AWD.

Barber joins IFG as Northern regional manager and the introducer arrangement with UHY has followed him, as have his 50-plus professional footballer private clients.

Barber, who was with AWD for around eight years, says it was his prohibition from giving advice as a manager that prompted his move.

He says: “I was a manager at AWD and when they started saying that a manager could no longer deal with clients I thought it was time to look elsewhere. Now I am back to being a player-manager and am looking forward to continuing giving advice, as I have done for 20 years.”

AWD investments manager Anna Bowes says: “We believe that managers manage and there is a conflict of interest if they have their own clients and targets to consider – we prefer it if the managers are dedicated to managing their staff.

“These things happen in business and really it is a testament to us. If we have good advisers, people will make offers to try and poach them but we have plenty of good people.”

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