View more on these topics

Roundhouse in merger deal with Faulkner

London IFA Roundhouse Financial Services is merging with Faulkner

Associates as part of RFS&#39s plans to buy out brokerages.

RFS says it is targeting firms feeling squeezed out of the market by the

burden of increasing compliance and regulation.

It is in negotiations with a number of smaller IFAs and is expected to

make further announcements in the coming months.

The deal with Faulkner involves an equal share swap between the two

companies and brings the total number of RIs under the newly merged

operation to six.

The merged business will now offer both onshore and offshore investment

advice as well as self-employed and employee benefits.

The company expects to generate funds under management of £100m within

three years.

Roundhouse says the merger will allow it to remain competitive in the face

of the changes to the market brought about by stakeholder and regulation.

RFS consultant Mark Faulkner says: “The idea is to buy a few more

brokerages which are not able to keep up with the demands of compliance. We

want to offer these businesses an exit route.”

Recommended

Eight-week deadline to handle complaints

Firms will have eight weeks to investigate and answer complaints,according to new draft regulations set out by the FSA.It is one of a range of rules governing complaints hand-ling by banks,building societies, investment houses and insurance companies as well asIFAs.The rules come after a consultation on the proposals last autumn.The FSA says the plans were […]

SPI and Aberdeen offer tech bond

Scottish Provident International and Aberdeen Asset Management are teamingup to offer a technology bond.SPI says the bond provides a tax-efficient means of accessing Aberdeen&#39stechnology investing expertise.The bond starts next month and minimum investment is £10,000.The initial fee is 6 per cent, with a fund-based annual management fee of1.98 per cent of the investment fund.The bond […]

Investment View

It did seem like a good idea at the time. It was February, after all. TheNasdaq was still soaring and technology shares were fast becoming thebiggest single industrial sector in the FTSE 350. So we decided to go forit. The Greig Middleton London Technology Conference was duly org-anisedfor the end of May.Flying in from Paris […]

Standard in £3m drive to push the mutual message

Standard Life has unleashed a campaign defending its mutuality with aseries of print and broadcast advertisements.After sending out a letter to its members and IFAs, the life office ishitting the national stage to hit the message home.The print campaign will be first at a cost of £1.3m, followed by anational broadcast campaign on peaktime television […]

Three stocks due a Brexit boost

By Mark Martin & Holly Cassell, Neptune Mark Martin and Holly Cassell highlight three high-conviction holdings in the Neptune UK Mid Cap Fund that they believe are well positioned to benefit from Brexit. Read more Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment