Thoughts on… company size

Some commentators suggest the days of the small IFA are numbered; that the RDR and increased capital adequacy requirements will result in the flight of many smaller IFA businesses to the safe harbour of a "national" or "network", where there's "safety in numbers". That may be true, but I'm not convinced that size alone is the issue, or that small, well-run financial advisory practices can't survive in a directly regulated environment. On the contrary, I passionately believe they can. I'm not sure the economic arguments work either. I've worked with more than a few network members wher...