Questions are being raised over the contracts on offer to exiting Sesame network advisers considering buying-in the support of its sister company Bankhall, which include an apparent two-year tie-in and "ridiculous" annual fees for services.
Clive Balchin had been with Sesame for 18 years but an ever more stringent approach to compliance pushed him to hand in his notice - just days before the group announced it was shutting its investment network.
Sesame plans to shut its Financial Adviser School as part of its wider restructuring, it has said in its latest letter to advisers.
Networks don't collect enough money from their advisers to maintain sufficient systems and controls, which means they can only go one way - down, according to the chief executive of IFA network 2plan.
Network Best Practice is to roll out a direct to consumer (D2C) proposition to its advisers allowing them to offer clients access to some self-service options.
Adviser network Financial Ltd is looking for investment to secure the future of the business after pre-tax losses more than doubled in the year ending March 2014, latest results have shown.
Adviser network Financial Ltd has received numerous applications from firms to join since a recruitment ban was lifted late last year, director Brian Galvin has said.
Personal Touch has appointed Jane Cross, formerly finance and IT director, as the network's chief executive officer.
Are advisers being forced to go above and beyond FCA requirements?