Editor's View: A new start for Kerry Nelson's firms

The editor's Friday Night Takeaway from 31 March

Hope William-Smith
clock • 1 min read

It’s been a very busy end to the month at PA, with this week’s news as varied a melting pot as ever!

Ten weeks on from the regulator's announcement that it was investigating Kerry Nelson's firms over her suspected misconduct, both Nexus Independent Financial Advisers and Nexus Investment Managers have been sold. While a London firm has snapped up the two for the sum of £500,000 the wider story is far from over and the Financial Conduct Authority remains tight lipped. As a popular veteran of the industry, the news that more than £2m appears to have been withdrawn from client accounts into Kerry's personal ones is both surprising and shocking. I've no doubt there is a larger story here to be...

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