Advisers are considering joining networks due to their lack of confidence in their ability to meet the FSA's regulatory requirements, according to consultancy Adviser Matrix.
He explains: "In many instances, this is the primary reason an adviser has contacted us about helping them research the network solutions that may be available to them.
"Furthermore, we have now seen that the FSA is increasing its enforcement activities with a number of fines levied and outright closure of some firms.
"It's no surprise that a number of networks are reporting increased levels of advisers wishing to join or investigate a network offering, although this can be a very time intensive undertaking."IFAonline
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