IFA support provider SimplyBiz has received more than 90 expressions of interest from member firms keen on taking on advisers affected by the administration of adviser group Honister Capital.
The company had contacted businesses using its services to see if any would be interested in taking on one or more of Honister's registered individuals (RIs) on a temporary or permanent basis. It said a number of Honister advisers had initially contacted it with a view to moving to direct authorisation, but it warned this may take too long considering the advisers are currently without an income. Honister Capital entered administration earlier this week after failing to secure sufficient professional indemnity insurance (PII) cover. SimplyBiz is now putting together a directory of ...
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