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Massow’s way out

I read with interest your articles about Ivan Massow. His beef appears to be that as he did his best by his clients and as the products he effected for them were – according to him – best suited to their circumstances, he should be let off and not subjected to a treatment he call barbaric by a former (?) network and former clients.

Been there, done that, got the T-shirt, seen it all – boring. Yes, the networks are really not fair. Clients are all nice until they decide they do not want to be – often when someone dangles a load of cash on a no win no fee basis in front of their noses.

What has what was right and suitable for the clients got anything to do with reality and compensation culture? Sweet FA.

Ivan, we all watched from the sidelines as you (allegedly) built a phenomenal and profitable business, sold it for millions of pounds, invested in a country pile and amused yourself with equine interests. Some people believed the hype and were jealous. Some did not (self included) but quietly thought: “Good luck to him – lucky man may have got away with some money.” You then dallied with politics and luvvies in the art world. Good for you.

However, then it went pear-shaped. You clearly are in urgent need of therapy. Why on earth did you come back into this awful industry?

If you were daft enough to sign personal guarantees

to a network, for heaven’s sake, transfer all assets to another person that you are not married to or have a civil partnership with, go and see the official receiver and declare bankruptcy.

You will be out in 12 months or less – no one will expect you to have foreseen the current climate and rapacious, mercenary attitude that clients would adopt (at the behest of the regulators, I may add).

The luvvies could not care less and you could do more good and enjoy life more in another industry. We will all be jealous – at least you will be out and away from the clutches of the Gestapo-like regulator.

This time, stay out. The clients could not care tuppence-worth about you anyway. Good luck.

A long-suffering IFA


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