Thinc plans franchise scheme for 2008

The group, which employs about 875 advisers, plans to attract between 50 and 100 IFA businesses. Everill hopes the franchised firms would eventually agree to a Thinc buyout; encouraged by the simplicity a takeover would involve for an already franchised business. The franchises would follow a flurry of acquisitions this year. Last month, Thinc bought Welsh firms Chambers Morgan James and Cavendish Financial Management, bringing about 900 clients to the group. In October it bought Crest Financial Group, a Bristol-based adviser, and its associated mortgage and IFA businesses. To commen...