Restricted network Intrinsic Financial Planning has reported a loss after allowing for £1.7m to cover potential complaints about advice to clients to invest in unregulated collective investment schemes (UCIS).
Old Mutual Wealth's (OMW) decision to launch a national advice firm has raised the spectre that the fund giant will leverage the mass of data it holds on its investors to poach clients from other advisers.
Adviser network Intrinsic and its parent company Old Mutual Wealth (OMW) are to launch a national advice business aimed at the "underserved segments" of the market.
Adviser network Intrinsic plans to take on 220 new advisers from the closure of rival network Sesame.
Sanlam UK made £10m from the sale of its stake in advice network Intrinsic to Old Mutual Wealth.
Intrinsic appointed representative Wealth Help is launching a direct to consumer (D2C) service to facilitate financial planning for the mass market.
Professional Adviser's bitesize guide to developments advisers should know about (but which didn't quite merit their own headline)...
Old Mutual Wealth (OMW) chief executive Paul Feeney has declared the government's unprecedented retirement reforms are a "shot of adrenaline" for the financial services industry, as the group lauded the positive impact of adviser network Intrinsic on...
Network Intrinsic has been confirmed as the preferred partner of Sesame, promising advisers of the closing network a 'smooth' transition should they choose to switch.
Old Mutual Wealth has reported profits from its platform business rose 46% last year as it integrated Intrinsic's 3,000 advisers into the group.