Top UK IFAs growing business but face falling profits

Out of the top 1,000 IFA firms in the poll, 207 reported double-digit growth, according to research by analysts Plimsoll. However, beneath the headline figures the survey's findings are less optimistic, with 84 of those companies using impressive sales growth to mask dire profit margins. Senior analyst and author of the Plimsoll research, David Pattison, says: "It makes a nice change to have some positive news to report, with 207 growing increasingly profitable companies which have either tapped into new, fast growing revenue streams or are just the best performers in the old ones." ...