Yesterday's statement from MacRobins has raised the stakes in the stand off between itself and the ex-Honister providers. But how far is either party prepared to go in the fight to determine trail-commission ownership?
There's been a development in the ex-Honister story. Well it's a development of sorts. MacRobins issued a release yesterday that raised the stakes in the stand off over ownership of ex-Honister Capital trail commission. MacRobins is the corporate IFA that controversially bought ex-Honister client assets from administrator Grant Thornton earlier this month. The release said (petulantly): "We believe that there are ‘legal and practical reasons' why providers will not be able to transfer agencies to individual advisers." (The providers that have enabled bulk transfers are current...
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