IFA market worth £1.6bn, will consolidate says Durlacher

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Stockbroker Durlacher has released a report into the IFA industry, which concludes that despite gene...

Stockbroker Durlacher has released a report into the IFA industry, which concludes that despite generating £1.6bn in value, most IFA firms will cease to be independent within the next three years because of intense consolidation pressures. The high risk of business failure and the fact firms are not a "must have" for investors, mean that the best investment plays will involve companies that may become subject to takeover bids, Durlacher says. Even the "big three" listed IFAs – Inter-Alliance, Berkeley Berry Birch and Millfield – remain risky investments. What could push...

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