'I felt I was hanging in the breeze': Ex-Financial Ltd IFA speaks out

"My ten-month experience of Financial, was that, by the admission of the guy who recruited me, it was a ‘cheap, no-nonsense approach to compliance'," the IFA who has asked not to be named recalls. The model was certainly cost effective - £700 per month all in, according to the adviser, covering Financial Services Compensation Scheme (FSCS) levies, compliance fees and other services usually associated with working with a network. But this low-cost approach hid problems, as the Financial Conduct Authority (FCA) discovered when it investigated Financial. > Read: FCA imposes landmark r...