Lighthouse swings to profit as average adviser earnings climb

The group, which comprises mid-market Lighthouse Financial Advice (LFA) and high net worth propositions LighthouseCarrwood and LighthouseWealth, among other divisions, reported pre-tax profits of £88,000 in the period, up from a loss of £232,000 in the corresponding six months last year. The result was helped by a £1m - or 14% - reduction in operating costs to £6.4m, which itself was acheved despite increased investment in LFA, which specialises in affinity advice relationships. Revenues were broadly similar, at £23.4m. The group said its advisers had adapted well to revised method...