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IFA network Alpha to Omega more than doubles turnover

IFA network Alpha to Omega is reporting increases in turnover of 107 per cent and gross profit of 40 per cent at 31st March 2006 following three years of trading.

The Winchester-based network more than doubled turnover to 8.1m from 3.9m, while gross profit increased to 520,000 from 371,000 in 2004 to 2005.

The company, which has 40 member firms says it will invest profits back into the business, including a new service based option, an updated online commission system and attractive terms across a range of specialist industry software.

Chief executive Stewart Wooles says: These are excellent results, which confirm the success of our business strategy. They reflect a year of earnest endeavour by a growing group of professional advisers, as well as the outstanding contribution made by our a skilled and committed HO team We are independently owned, financially stable and ambitious for further growth, which will include strategic acquisitions when appropriate. At a time when some larger IFA organisations are facing difficulties, it seems clear, for IFA firms looking for an alternative support organisation, that smaller and financially stable networks may well be better.


Prime numbers

Three interesting and complementary announcements by lenders recently are likely to produce some significant changes and opportunities for intermediaries.

Balls says advisers need educating as much as the public

Treasury Economic Secretary Ed Balls has hit out at the advice sector, claiming it is as big a challenge ensuring that adv- isers educate themselves about industry developments as it is to educate the public. Speaking at an ABI Parliamentary reception in London last week, Balls said when it comes to financial education, making sure […]

Hips watered down in dramatic Government U-turn

The Home Condition Report will not be compulsory when Hips are introduced next June.The Department for Communities and Local Government made the announcement today amid speculation there are not enough home inspectors to produce the reports.John Charcol senior technical director Ray Boulger says: “This is a positive thing as it will remove the uncertainty of […]

Treasury looks to address advice gap

By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]


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