Professional Adviser

OMW: Loss-making Intrinsic still contributes to profitability

'We believe in the value of our model'

Paul Feeney: “We have seen continued recognition of the strength and value of our integrated business model."
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Old Mutual Wealth's (OMW) adviser arm Intrinsic has seen losses increase almost 50% year-on-year in the first six months of 2016, but the investment company still believes in the firm's contribution to its "overall profitability".

Intrinsic lost a total of £13m in H1 2017, £4m more than in the same period of 2016, blaming half of the increases on larger Financial Services Compensation Scheme contributions and half on costs associated...

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