I note that 13 of the top 30 IFAs and five out of 11 of the top networks lost literally millions of pounds last year.
By what stretch of the imagination does that put them in the super league? Perhaps you should have run two reports – a super-league of successful profitable firms and one of badly run losers.
When will the people in charge of these firms realise that scale is irrelevant and profit is the only sensible measure of business success? Profit, as they say, is sanity, turnover, as we all know, is vanity.
Nick BamfordManaging director,Informed Choice,Cranleigh, Surrey