Half of IFA firms in profit fall

Research from Plimsoll Analysis found 20% of the 1356 IFA firms analysed are currently selling at a loss with profits down for 50% of companies compared to last year. It found while sales in the market continue to grow, although at a slower pace than last year, this buoyancy is distracting some directors from other areas of the business which require urgent attention. Around 17% of companies are in more debt now than they were 12 months ago and 164 companies are currently rated as a high risk of failure in Plimsoll’s updated analysis of the IFA sector. David Pattison, senior analyst o...