Sage, Burns help Honister Capital to £1.5m profits

In the period 23 June to 30 September 2009, Honister generated revenues of £30.4m, £29.6m of which came from Burns-Anderson, Sage Financial and Honister Partners. The remainder was generated by direct-to-consumer proposition Willis Owen. Overall, the group made an operating profit of £1.5m during the period, of which £1m came from the group's advice businesses. Group CEO Mark Lund says the company's focus will now be on readying firms for the RDR. He will structure the group, he says, so that it can "accommodate independent and, if relevant, restricted advisers". Honister Capital w...