View more on these topics

Consifa set for Aim market as part of acquisitions plan

IFA group Consifa is planning to list on the alternative investment market in the last quarter of this year after completing the first stage of an ambitious acquisitions programme.

The 25 RI firm is fundraising to generate £5m towards its first wave of its acquisitions.

It is aiming to close deals with six IFAs before September that will form the first part of its purchasing programme. The turnover size of target IFA acquisitions ranges between £5m and £500,000.

The group is initially looking for geographical spread by purchasing an IFA business in each region of the country.

The programme has been divided into “two waves” with the second intended to follow successful Aim listing. It says listing will allow it to access further cash and use its shares as tradeable security. Consifa is looking at businesses with strong turnover rather than number of RIs and has no plans initially to target “niche” IFA businesses.

The management team includes chairman Nick Warrell, managing director Clive Garnett, a former Grant Thornton equity partner, and operations director Colin Studd who was co-founder of John Charcol.

Consifa finance director Stephen Swan says: “Consifa is a consolidator and does not intend to rest on its laurels, if the market allows it obviously there could be a third or fourth wave of acquisitions once we have gone for listing.”


Live wires plug into the pension problem

IFAs advising on pensions are facing a critical time. Many industry commentators feel the Government&#39s Pensions Green Paper does not go far enough towards fixing the problems in the market or providing a stable framework for the future.At the Money Marketing Live conference at London&#39s Olympia on May 13, ABI head of pensions and savings […]

Keydata offers two versions of structured growth plan

Keydata is rolling out two new versions of its dynamic growth structured product to offer investors different levels of geared returns from growth in the FTSE 100.The enhanced growth option, which is being targeted at more bullish investors, offers double the rise in the FTSE 100 to a maximum investment return of 100 per cent […]

Remortgaging boosts March lending figures

Total gross mortgage lending remained strong in March despite a fall in the amount lent for house purchases, according to the Council of Mortgage Lenders.The CML&#39s monthly figures reveal that gross mortgage lending hit £19.3bn in March up from £17.6bn in February and £16.1bn at the same point last year.The boost was due mainly to […]

Fewer people have the will to help charity

As worries grow over the pension crisis and the cost of funding long-term care, research shows that fewer people are donating money to charity in their will.In a survey carried out by Mori on behalf of charitable body, Remember A Charity, 48 of per cent of people said they would not consider making bequests to […]

The Investment Clock: Keep calm and Macron!

Trevor Greetham, Head of Multi Asset In a marked contrast to the surge in risk sentiment that followed President Trump’s election in November, markets greeted Emmanuel Macron’s victory in the French presidential election with satisfaction and relief, rather than euphoria. After rallying strongly on opinion polls that accurately predicted the outcome, the euro held onto […]


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