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 As a popular veteran of the industry, the news that more than £2m appears to have been withdrawn from client accounts into Kerry's personal ones is both surprising and shocking.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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Spouses using different advisers can often cause difficulties

Spouses using different advisers can often cause difficulties

Looking at industry thoughts on the back of last week’s PA Asks poll

Hope Coumbe
clock 25 March 2024 • 1 min read
Editor's View: A very busy week and a very clear warning

Editor's View: A very busy week and a very clear warning

The editor's Friday Night Takeaway from 22 March

Hope Coumbe
clock 22 March 2024 • 2 min read
Editor's View: Will it be smooth sailing ahead for True Potential?

Editor's View: Will it be smooth sailing ahead for True Potential?

The editor's Friday Night Takeaway from 15 March

Hope Coumbe
clock 15 March 2024 • 1 min read