Adviser Services Holdings (ASH) said the company’s business plan is about “quality over quantity” after it handed a lifeline to Network Direct advisers.
On Monday, ASH acquired the future trade of Network Direct after it entered administration, giving advisers, staff and clients continuity. ASH chief executive Michael Couzens said: "We are looking for quality over quantity. We are focused on working with adviser firms who have a long-term view of the market. "We are not interested in firms which are looking to make money quickly and get out of the market. It is about firms that have got a good business plan but within that are intending to grow modestly." He said advisers who choose to join ASH should be verified within the next we...
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