consolidation

Succession has hit out at firms purchasing IFA businesses merely to increase funds under management, warning advisers themselves are hugely undervalued in the current climate.

Succession Advisory Services will consolidate about a quarter of its 30 member firms ahead of schedule after investment boutique Spearpoint acquired a majority stake in the business.

IFA consolidator Succession Advisory Services has received FSA authorisation to arrange investment deals, though not to give advice.

Schroders head of UK equities Richard Buxton has called on providers to cull the number of "indifferent" products currently offered to the retail market in a bid to weed out consistent underperformers.

With up to a quarter of IFAs expected to leave the industry in the run-up to RDR, Maria Merricks finds out how advisers looking to sell their firms can attract buyers.

Brett Davidson, chief executive of FP Advance, looks at how small adviser firms can create scaleable businesses.

Perspective has appointed Ian Wilkinson as its group practice director to integrate working relationships across the firms within the consolidation vehicle.

Perspective Financial has launched a corporate pension and employee benefits division.

Robert Bowes goes through the issues advisers need to take into account if they are wishing to move into the equity release market

Simon Chamberlain's consolidation vehicle Succession Advisory Services has signed up Scottish accountancy firm Campbell Dallas Financial Services (CDFS) - keeping it on track to hit its five-year target of £7bn funds under management (FUM).