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Talkback

Do you agree with Sesame group chief executive Patrick Gale that only IFA networks with more than 500 RIs will survive?

“No. Size is not the only factor. If they are astute enough, the smaller ones can survive.”

Frank Gow, Ashwood Law

“Yes. It is a continuation of what we have been experiencing in the last 20 years, particularly with the innovations presented by technology, regulatory and technical compliance will be easier to deal with. The bigger players will be more equipped to cope.”

David Snelling,TW Martin

“I think he is probably right. The lure of lower costs is attractive but what it comes down to is investment and size. That is key. After all, you get what you pay for.”

Chris Rainbird, Rainbird & Co

“It will be very difficult for smaller networks to survive with the constant changes but I can still see a place for smaller groups to be able to combine resources and compete in the marketplace.”

Iain Crawford,Ainsworth Financial Services

“He is just feathering his own nest. I suspect smaller, more nimble networks will have an advantage.”

Robert Pearson, Finn Gledhill Solicitors

“It is rubbish – anyone who has the sense and ability to do business and to do it profitably will be a success.”

Terry Grimsley, Ringrose Grimsley

“Yes. In fact, PI and train-ing costs forced me to stop being an IFA last month although I am still doing mortgage business.”

John Rigby,Rigby Financial Services

“No.There will be some with fewer members if they have a good PI arrange-ment and good producers.”

Matthew Brown, Argent Consulting

yes 38%

No 62%

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