View more on these topics

Cobalt says it is still open for business

London broker Cobalt Capital says it is still open for business but would not comment on concerns about the future of the firm.

Cobalt Capital partner Andy Montlake says staff are still working at the brokerage and it is open to write mortgages.

He says: “We are open for business right now. I am in the dark like the rest of the staff as to what is going on.”

Earlier this week, Cobalt Capital director Julian Ingalls admitted a rift in the senior management of the company, but denied the firm was going into administration.

Ingalls says: “Cobalt senior management and partners have not seen eye to eye and have disagreed about several things.

“It’s difficult trading times and we have been discussing how to take the business forward. People need to pull together in situations like this and that has not been happening.”


Tennant steps up as Portal chairman

Money Portal has appointed non-executive director Mark Tennant as its chairman after Richard Hambro stepped down due to serious illness.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm