Managing director Tim Sutcliffe says membership numbers will be capped at 120 to preserve service standards. Pi currently has 100 members.
Sutcliffe says: “Pi financial is in a far stronger position than many of the so-called ‘big’ players, by being financial astute and putting clients and advisers first. We remain a growing force by working closely with the IFAs that choose us but leave them to the advice.
“As an active adviser myself, I am despondent to see the various and largely unnecessary compliance regimes being enforced. One of the reasons I started pi financial was that network compliance didn’t appeal to me, but the argument for strength in numbers gives advisers the ability to provide the best advice and products by being customer focused organisation and putting their interests first everything else follows.”