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Scottish women-only IFA doubles business

Scottish women-only IFA Independent Women achieved a 50 per cent increase in turnover in the past year.

Turnover in the year to May 31, 2002, increased to £850,000 from around £400,000. The Edinburgh-based IFA hopes this growth will continue and that next year&#39s turnover will break the £1m mark.

Business development manager Eve Callaghan attributes the firm&#39s success to its ongoing expansion.

Independent Women says it is Scotland&#39s only women-only IFA, staffed solely by women for an exclusively female clientele.

It was founded by managing director Lesley Collins in 1998 and is a trading division of Edinburgh Investment Consultants. It has offices in Edinburgh and Glasgow. It is planning further expansion both in Scotland and abroad.

Callaghan says: “We have expanded our Glasgow operation and recruited more staff, which has significantly assisted in acquiring new clients and developing our existing client base. Scottish women want control of their finances and changing legislation and financial products mean that they can do this. Our growth is a good indicator of that control being exerted.”

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