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“Yes, I think if groups of IFAs joining together like this gives advisers more strength to take on the FSA then it is a good thing. At the minute, I get the feeling that most IFAs are going to have to join really large groups or stay as small niche businesses.”

Wesley Haslett,Andrews Insurance Life & Pensions

“No, I don&#39t think it will have an impact. Falling turnover has driven the merger and they may take more market share but this is a cost-cutting exercise and will not affect the market as a whole.”

John Finalyson,Archtrust Financial Services

“I do not think anything Inter-Alliance does is good or bad for the industry. It will not make much of a difference.”

Richard Maycock,Ridings Financial Planning

“No. I think the idea of a massive firm goes against the idea of many IFAs&#39 individuality.”

Graham Grant,Graham Grant IFA

“I think it will be good for the listed IFA sector but not necessarily for the sector as a whole. The listed IFA sector is still very small and still building its foundations.”

Richard Adderley,RC Adderley

“No it isn&#39t. As a small company, how the socalled bigger companies work together does not really affect us.”

Aidan Burke,Michael J Burke Financial Services

“No. I think the merged company would be too big, which would be an issue for some people.”

Alistair Yates,Alistair Yates Financial

YES: 25%

NO: 50%

MAYBE: 25%


Step reaches 10,000 members

The Society of Trust and Estate Practitioners has grown to more than 10,000 members. Step provider education and training for its members who specialise in trusts and estates, executorship and taxes. The group plans to introduce a new online technical database.

Selestia stays on track with sales of £218m

Asset allocation platform Selestia saw new business of £218.3m in 2003 after taking £74m in the final quarter. It says the results for its second full year keep it on target to reach profitability by 2006 through accumulating assets of between £1.5bn and £2bn. The Old Mutual-owned platform now has £300m in assets under management […]

Unicorn launches new VCT share issue

Unicorn AIM Venture Capital Trust has launched a new series of shares. The company has issued up to £20m of new shares which will qualify for tax relief. The original Unicorn AIM VCT Fund raised £35m in the 2001/2 tax year. Since its launch date in October 2001 to end December 2003 it has provided […]

Winners and losers in merger

The proposed merger of Inter-Alliance and Berkeley Berry Birch is potentially very significant. The headline figures are impressive. The combined company would have 2,000 advisers, bringing it to within a whisker of Tenet&#39s number three slot. With revenues of £100m, it would have real clout with providers and, with a market capitalisation of £50m-plus, it […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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