IFA consolidator raises funds to finance M&A war chest
It aims to double in size and complete up to four deals within the next 12 months
Author: Cristian Angeloni
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IFAs say onus is on asset managers to clear up ESG confusion
80% of advisers say confusing terminology is hampering the selection process
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Clone firms con savers out of £78m in 2020
‘No surprise mendacious fraudsters have ramped up attempts to swindle hard-working people’
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Industry in disbelief as FSCS levy forecast to hit £1bn
‘In any other sector a forecast for compensation of over £1bn would be the focus of a national scandal’
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Rise of the TikTok influencer-adviser worrying financial planners
‘Trading gurus and crypto asset cult followers are becoming more widespread’
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FCA finds 4,000 firms at risk of failure due to Covid
Watchdog warns around 30% have ‘potential to cause harm’ if they closed down
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FCA admits ‘mistakes’ after scathing reports on mini-bond and collapsed fund scandals
‘We are profoundly sorry for the mistakes we have made’
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Novia Financial sold to private equity firm for undisclosed sum
Anacap has now made three acquisitions in the UK wealth management space over the last year
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FCA finds just 8% of Brits receive financial advice in RDR review
But regulator concludes advice market is moving in the right direction
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Brooks Macdonald agrees strategic tech partnership
A number of back office employees at the wealth manager will be transferred to the tech business
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Andy Bell warns FCA over ‘fundamentally flawed’ investment pathways
‘A mandate for pension providers to line their pockets by peddling in-house funds’
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Gina Miller blasts FCA complaints scheme changes ‘unfair, immoral and illegal’
Trio of UK regulators seek to cap redress for financial loss at £10,000