Virtual Net chief executive Junior Sobowale says: “Is Money Portal’s recent announcements tantamount to a forced sale such as that we saw with Network Data? And if so, what if it does not happen? Will the membership be left in a difficult position?
“Virtual Net have spare capacity and now is a great time for potential new members from Money Portal to put their business case to us. We are a bespoke network looking for quality, technology driven advisers who want to work with us so that we can all drive down costs and maximise profits.”