Conforto acquires IFA McCroddan

Conforto says the acquisition is the latest step in a series of takeovers planned to boost its exclusively fee-based business. Over the year to March 2008, Conforto recorded in excess of £1.1m in fee income and reached over £50m in assets under management. The addition of TMP is the second IFA acquisition for Conforto, following the transition and integration of advisory firm AIA from its previous commission-based model. Founded in 2005, Conforto initially focused on professional sports people, with clients such as golfer Ian Poulter, former Arsenal great Lee Dixon and ex Rugby star Jona...