National IFA opts against direct authorisation to join Caerus

Carmen Reichman
clock

A listed national IFA has joined the Caerus network after deciding the "time was not right" to become directly authorised (DA).

Alexander House Financial Services joined Caerus from Network Direct after an internal review showed it did not "have enough resources" to become DA and support its future growth plans in the next year. The firm's chief operating officer, Jane Hodges, said it "was always the intention to stay with Network Direct for one year and try to go DA after" but "it wasn't the right time for us, we didn't have enough resources, so we have chosen to combine our resources with that of Caerus to help support our challenging growth plans". The firm, which was founded by Sesame Bankhall Group's form...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Is being Chartered worth it? Breaking down the perennial dissensus

Is being Chartered worth it? Breaking down the perennial dissensus

‘Many non-Chartered advisers are just as competent as those who are’

Hope Coumbe
clock 10 May 2024 • 4 min read
Andrew Goodwin: Financial advice and the Evangelista effect

Andrew Goodwin: Financial advice and the Evangelista effect

'Future of advice lies in independence, approachability and affordability'

Andrew Goodwin
clock 10 May 2024 • 4 min read
Aviva integrates robotic process automation into platform capabilities

Aviva integrates robotic process automation into platform capabilities

Robotic process automation removes need for client by client process

Sahar Nazir
clock 09 May 2024 • 1 min read