Adviser Services Holdings hands 'lifeline' to Network Direct advisers

Adviser Services Holdings (ASH) said it had stepped in to work with the advisers and had acquired their "future trade" to give advisers, staff and clients continuity. The deal will include support on income novation and reauthorisation, it said in a statement. ASH, a group of companies that aims to provide complementary services to financial advisers, also recently bought out the Sense Network and Lyncombe Consultants. Chief executive Michael Couzens said: "The fact that Harwood has chosen to place Network Direct into administration is not a reflection on the quality or professionalis...