Bank adviser exodus grows True Potential almost 300%

The company said that between May 2012 and May 2013, the number of advisers at the firm has risen by 285%, up from 70 to 270.  Since the beginning of May this year, 49 new advisers have joined and there's a growing pipeline of advisers awaiting Financial Conduct Authority (FCA) authorisation. True Potential senior partner Earl Glasgow said: "The growth we have seen is due to the arrival of high street bank advisers." "We strongly believe that ex-bank advisers have a huge amount to offer the marketplace. It is unfortunate that so many have been left strangled by red tape as they are...