adviser firms

The IFA industry is becoming increasingly polarised between strong and weak players with "radical consolidation" set to hit the market over the next year, research suggests.

Paradigm Partners has reported an operating profit of £519,000 for the year ending 31 March 2010 - marking the IFA support business's first year of profitability.

Lending to small businesses has continued to plummet, falling a further 20% over the last quarter.

The transition to adviser charging is increasingly focussing advisers' attention ahead of the RDR deadline while concern over qualifications wanes, according to research from L&G.

Novia has launched a reporting and management information system to help advisers with the transition from a commission to fee-based system.

Co-operative Financial Services (CFS) says it is in 'advanced discussions' with a buyer for its IFA business.

Towergate Financial has appointed former Hartford man Dan Russell to the newly created role of director of client proposition.

A certified financial planner has fired a series of parting shots at the CII after quitting the organisation over threats to discipline him for failure to submit CPD records.

The RDR could lead to the term ‘adviser' being used exclusively for firms rather than individuals as well as the launch of new 'advisory chambers', according to AIFA.

IFAs are set to be hit with a hike in professional indemnity insurance (PII) premiums as increasingly selective insurers respond to a sharp rise in claim values, warns Tenet.