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Network expands national coverage through Welsh IFA

Standing out from the crowd, single figure raising armIFA network Beaufort Financial has added £65m assets under management through North Wales and Cheshire-based firm Alchemy Advisory Services.

Alchemy, which has around 500 clients, will be rebranded Beaufort Financial (St Asaph and Chester).

The firm’s three advisers – Gaynor and Stephen Lyth and Geoff Goodwin – will stay with the business.

Stephen Lyth says Alchemy spoke to a number of consolidators but did not believe such a move would be in the best interest of the firm’s clients.

He says: “Cash flow modelling, robust compliance and skilled paraplanning will now be looked after centrally, leaving us to concentrate on what we do best; delivering a high standard of personal service to our clients.”

Beaufort Group executive chairman Simon Goldthorpe says the network plans to add a further four or five firms this year.

In January, Beaufort added Statehouse Group as an appointed representative, which is now called Beaufort Financial (Swindon).



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At least three networks have received 100 per cent suitability ratings from the FCA for the defined benefit pension transfers they have carried out, Money Marketing understands. As reports of poor practice focus on small regional advice firms, the figures suggest many larger networks have developed robust systems for conducting DB transfers. Money Marketing understands […]

Battle to save collapsed DFM’s assets continues

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