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Network Beaufort Group adds £150m with new AR

Advice network Beaufort Group has added Statehouse Group as an appointed representative, now called Beaufort Financial (Swindon). The new firm, to be led by Statehouse Group principal Nick Cowan, will operate from Hook, Wiltshire, with an existing team of 10. The Statehouse Group had more than £150m assets under advice and 3,000 clients. Cowan says: […]

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£5.1bn IFA Saunderson House up for sale

The parent company of IFA Saunderson House has indicated the business is up for sale. In a trading update today, IFG Group, also the parent of James Hay, says it has received a number of approaches for the business. The trading update says: “Discussions are at a preliminary stage. The group will consider a sale […]

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FCA renews ban on DFM Stargate

The FCA has renewed its suspensions on discretionary fund manager Stargate Capital Management. The regulator first told Stargate it could not take on any new appointed representatives back in June. The FCA has also continued its ban on new investments into the firm’s FX Perpetual fund, an “absolute return systematic algorithmic FX trading strategy” and […]

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