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Momentum posts £1m profit after MBO

Momentum Financial Services made £1.1m profit on a turnover of £15.5m in its first year of trading since its management buyout from Aon Consulting in August 2000. Momentum, which now has 100 RIs in nine UK offices, has targeted companies by offering an independent financial healthcheck as an employee benefit.

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Freedom fighters

Last week&#39s article concerned a report by Barclays Bank on the number of over-50s starting their own business. The good news for advisers is that the owners of small businesses are likely to be just the sort of people who will truly value advice – even more so, perhaps, where the owner is of relatively […]

Ethical issues: Ranked below performance

Ethical investors believe a fund manager&#39s track record is more important than their investment strategy, according to a survey. Research by online fund information source TrustNet shows the top three reasons for investing in an ethical fund relate to the performance and cost to the investor. The ethical investment strategy was ranked only fourth by […]

Almeida Capital appoints new chairman

Financial research and information provider Almeida Capital is appointing Mitch Cybulski as chairman. Cybulski was previously chairman of SmithKline Beecham International.Almeida Capital chief executive Richard Sachar says: “We are absolutely delighted that someone of Mitch&#39s calibre and experience has joined our firm.”

Old Trafford: Home fixture

Mortgage Next is running a series of broker roadshows at Premiership football grounds throughout September and October. The roadshows, which take in 12 clubs, will offer brokers the chance to speak to lenders on Mortgage Next&#39s panel about products available through the network. At each location there will be representatives from seven of the 19 […]

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