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Pi Financial sees 20% rise in members

Pi Financial says its membership numbers have increased 20 per cent since the start of the year, with an additional 14 advisers joining in 2009.

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.”


Positive feeling

With valuations in equity and corporate bond markets at compelling levels and more positive economic data emerging from the wreckage of the credit crunch, are we starting to see signs of markets reaching a bottom and the beginnings of a recovery?

Providers too confident of adviser demise

There has been much debate in recent weeks about how providers are revving up to deal with the retail distribution review and the distribution landscape they will be working in after 2012.


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