The advisory business that acquired the trail and pipeline commissions of Honister Capital advisers has questioned some of the actions of providers since the deal took place, and pledged it "will not compete" with the IFAs over their clients.
In a statement released today, MacRobins said it had the "greatest sympathy" over the plight of the advisers involved, adding: "We have no desire or intention to compete with the former advisers of Honister over their clients." Honister Capital was placed into administration last month after failing to secure professional indemnity insurance. Administrator Grant Thornton later arranged the sale of the trail and pipeline commissions on the advisers' books to MacRobins. Grant Thornton said the income belonged to the network - Honister - and that it was acting as other insolvency prac...
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