Talk of advisers retiring, selling or consolidating their firms in the run up to RDR has dominated the headlines recently.
However, one option remains for those who want to stay in the game: merging. Concerns over relinquished control and creative differences can make the decision a tough one. But, for many, there is no other solution. We talk to three experts about the options available and the dangers to look out for. Steve Martin, managing director of Smart Financial Planning, has been part of an affinity group for the last five years. He says the arrangement gets “the best out a merger, without the worst”. “Originally, we came together as a group of firms that believe in passive investment. We foun...
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