View more on these topics

No buyer shortage as IFAs sell up

More IFAs than ever before are looking into selling their firms after the publication of the Sandler report, according to business consultancy Amas.

The firm, which specialises in IFA purchase, sales and mergers, says it has seen a notable increase in the number of IFAs looking to sell.

The company believes that in the wake of the Sandler and Pickering reports, the uncertainty about the future of the industry over the past few weeks has begun to take its toll.

The firm says that over the past fortnight, the volume of enquiries has increased by 25 per cent. As a result of the demand for information, Amas is planning a series of seminars throughout the country in September and October to help IFAs gain a better understanding of the sales process.

Spokesman Phil Calvert says: “Usually we get one or two sales enquiries per day but last week we had 10 in one day. However, it is also interesting to see that there is no shortage of buyers. We are very conscious that many firms have a strategy of growth through acquisition.”


Package bids to stop firms quitting

A package is being prepared by Misys with the aim of stopping firms quitting its networks in the two-year run-up to flotation of its IFA division in 2004.It is planning to offer IFAs share options at the time of the flotation, as well as measures to offer benefits that cover recruitment, retirement an retention. Misys […]

&#39Little impact&#39 from housing boost

Deputy Prime Minister John Prescott&#39s plans to spend £1.1bn on new housing in the South-east to reduce shortages and ease affordability for key workers will have a minimal impact on house prices in the short term, according to IFAs.Up to 200,000 new homes will be built in the South-east using some of the £4.7bn earmarked […]

Inter-Alliance software offered to the market

Inter-Alliance subsidiary Intelliflo is rolling out the national IFA&#39s desktop software solution to the IFA market.Three IFA firms have already signed up for the Intelligent Office software, that provides sales automation, fact-finds, needs analysis and reports as well as new business processing, automatic compliance and automated commission and fee management.A version for smaller IFAs will […]

Taking issue with role of the CA

CA director Sheila McKechnie demonstrates the seamless transfer of consumerists from single-issue research into single-issue six figure income news management in the FT with the headline, If this industry can rip off consumers, it will.From being an unbiased observer, she joins those of the Daily Mail ilk, that is, if it is not news, it […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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 advice.

    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