View more on these topics

MMB set to expand ahead of flotation

IFA Moores Marr Bradley is aiming to expand by 20 per cent a year in a bid to gain a stockmarket listing in the next three to five years.

The company has changed its name to MMB and launched a new logo which aims to highlight its mission statement of being "One step ahead".

The move comes after the IFA spent £50,000 on a three-month audit designed to help it revamp its image. MMB was on the verge of a deal with rival listed IFA Berry Birch & Noble last April but the merger collapsed.

Chief executive Gareth Marr says the company aims to have around 40 registered individuals by the time it lists, up from the current 16.

IFAs have become increasingly interested in branding following the success of Virgin Direct.

MMB&#39s audit by freelance consultant Jane Marr covered clients, staff, journalists, accountants, regulators and product providers.

It found that MMB was seen as proactive, forward thinking and ethical – more like an accountant than an IFA.

On the downside, the company was seen as poor at communicating with staff, unfoc used and bad at getting its message across.

Marr says real changes have been made following the audit. These include a management shake-up, with Marr moving to chief executive to deal with external relations. Sean Gilchrist has been appointed as managing director.

Marr says: "What has happened has been very positive. Everyone in the company took part and it has bound us together."


Exam hiop offered on internet

An internet discussion group has been set up for advisers studying for the Financial Planning Certificate and Advan- ced FPC. Brian Lentz, an IFA with Portfolio Insurance, and Gordon Burns, a software specialist, have launched the free service in a bid to help struggling exam candidates. They are seeking sponsorship from a life company or […]

Review likely to cost independents £1.1bn

IFAs are likely to pick up a £1.1bn tab for the pension review, according to research by actuary Bacon & Woodrow. Life offices, policyholders and shareholders will pick up the remaining £9.9bn of the £11bn total bill.

Barclays no-load Pep offer

Barclays Global Investors is looking to help IFAs kickstart Pep sales for the new tax year with a no-load Pep offer. It is aiming to get brokers to persuade clients to buy Peps as well as unit trusts early in the financial year rather than in a scramble at the end of the tax year. […]

Colonial set to take over GAN salesforce

Colonial is set to buy GAN Life&#39s 800-strong direct salesforce for an expected seven-figure sum. The move comes two weeks after GAN Life was bought for £300m by the Life Assurance Holding Corporation, the vulture fund set up by Sir Mark Weinberg in 1994. Last week, Money Marketing revealed that LAHC was in talks with […]


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 thought leadership.

    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