consolidation

Purchasers of IFA businesses are taking advantage of a "once in a lifetime land grab" as the impact of increased regulation pushes traditional advisers out the industry, according to a consultancy firm.

F&C multi-managers Gary Potter and Rob Burdett give their predictions on what's hot and what's not in the investment space this year, based on their mantra that the only thing that determines how successful an investor you are is the price you pay for...

CONSOLIDATION

Advisers should consider selling their businesses within the next 18 months before prices offered by consolidators fall, according to a consultancy firm.

IFA consolidator and wealth management business Bellpenny has received authorisation from the Financial Services Authority (FSA) today.

An accounting write-down and the after effects of previous acquisitions resulted in a £1.9m pre-tax loss for Perspective Financial Group in 2011, although the consolidator's revenues were up 56%.

Two more firms have joined Succession Advisory Services, adding £100m in funds under management (FUM) to the consolidation vehicle.

Nottingham-based high net worth IFA Arden Court Group is to be acquired by discretionary wealth manager AFH Financial for an initial consideration of £362,000.

Web Financial Services has acquired Bryant Kesek Financial Services (BKFS), as part of a five-year expansion plan.

IFA consolidator Perspective Financial Group has acquired Gateshead-based adviser Vivienne Shepherd, and plans to integrate the practice into one of its existing Newcastle businesses, Rutherford Wilkinson.