IFA's 'throwing away' £30m in profits

The business analysts report found money is “simply thrown away” due to failure controlling losses and ineffective business management. It also notes 7% of companies are making a loss and 26% made less than 3% return on investment. Project senior analyst David Pattison says the results indicate why the IFA industry is currently alive with takeover talk and future ownership speculation. “It’s certainly no surprise that trade buyers and private financiers are taking a close look at the industry – some of these independent financial advisers businesses have huge potential that is not being...