Network Financial sees 8% drop in adviser numbers

Financial managing director Brian Galvin said the network now has around 470 advisers. The business is based on a fee linked to the advisers' turnover. The group is currently looking to boost the service provider arm of its business, which offers compliance to directly authorised firms. Currently 40 to 50 firms are using this service Galvin said. "An awful lot of people are looking to go directly authorised", Galvin said. "It is perceived as an easier option as a lot of the regulatory focus is on networks. You rule your own destiny." Fraudsters recently targeted Financial, mi...