Advisers should splash the cash and buy the competition - study

The research looks at the fortunes of 1379 IFA companies and found there are 370 which would make good strategic acquisitions. These companies are operating in the growth areas of the market and are all extremely profitable, the study says. Plimsoll's report found the driving force behind future acquisitions in the market is a group of 892 companies who, over the last few years have built up a stock resource of cash, putting them in a very strong position. David Pattison, senior acquisition analyst, comments: “There is absolute evidence that the rich are getting richer as the gap betwee...