The great break-away: How the RDR sparked a new wave of start-up firms

The number of 'start-up' businesses being formed by advisers disillusioned by the ever-constricting rules of their previous firms is, networks claim, on the rise. According to Tim Newman, managing director at IFA-only network Sense, the number of start-ups joining the business since the middle of last year has outnumbered both those joining from other networks and those re-badging their status from direct authorisation. This new breed, Newman said, is characterised by new firms and new brands made up of previously-established advisers, not new entrants. Tenet reports similar. It, t...