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Sumus listing set to boost IFA numbers at Falcon

IFA network Falcon is planning to increase its IFA membership by one-third through a successful Aim listing of parent Sumus.

Falcon is hoping to inc-rease the number of advisers it services from 122 to 160 by September.

Falcon has grown organically and through the addition of IFA firms. The group hopes an Aim listing will attract further IFA advisers and firms through direct part-ownership and co-venture structures.

Founded in 1983 by group chief executive Allan Rosengren, Falcon declared a turnover of 8.1m in the nine months to September 30 and profit before tax of 453,000.

Sumus group chief executive Rosengren says: “As a result of listing on Aim, we will be in an even better position to accelerate our well established, profitable growth record in a market which is highly fragmented and where the need for consolidation is being further accentuated by the increasing burden of regulation and the cost and availability of professional ind-emnity insurance.”


Reid all about it

I have never been great fan of Tom Cruise, with the exception of A Few Good Men, where the courtroom drama builds to a crescendo and has parallels with the recent L&G vs FSA spat.

India: too big to ignore?

By Kunal Desai, head of Indian Equities, Neptune  India is officially the world’s fastest-growing major economy and remains firmly on track to become the third-largest economy by 2030, overtaking Japan and Germany. As an accelerating labour force combines with increasing labour productivity, is India getting too big to ignore? Click here for full article   […]


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