Prosperity unveils IFA acquisition growth plan

Director Mark Newman says the firm is aiming to expand its adviser workforce from four to 50 by the end of 2013 through both organic growth and the acquisition of advisers from firms preparing to exit the market due to RDR. "We are holding discussions with small IFA firms about acquiring a number of advisers," he says. "A lot of firms are looking to wind down because of RDR and we can provide them with an exit route." Newman and fellow Prosperity founder Jasper de Zoeten previously worked at Edward Jones before its takeover by Towry. Newman says the experience has given them valuable ...