Positive Solutions says the loss of 48 partners over the year was as a result of it focusing its efforts on “high quality IFAs”. It says that despite the overall drop in numbers the firm recruited 234 partners over the year and a further 47 committed to joining.
Positive Solutions chief executive Jim Reeve says: “It is true our partner numbers have reduced during 2009 but we delivered a very strong recruitment performance in the year as 234 joined and a further 47 IFAs committed to joining us.
Reeve adds: “A large number of low producing partners left us in the last quarter as we increased our focus on supporting high quality producers. The quality of the IFA continues to be key for us. The majority of our new recruits continues to come from the directly authorised sector.”