Paradigm partners

Expanded its holding to 10.2% of company

DFM business’s FUM rises to £4.44bn

Including 'compliance surgery'

Network Paradigm Financial Advisers made a loss of more than £223,000 before it was sold to Caerus Capital Group, annual accounts of Paradigm Partners reveal.

Jones Hill managing director Brian Hill has said he is going directly authorised (DA) after years with networks because he wants ‘more freedom' and lower costs.

Advisory group Paradigm Partners has shelved plans to run its investment joint venture with Henderson.

Paradigm Partners' subsidiary Paradigm Financial Advisers (PFA) has incurred liabilities of about £500,000 for known and unknown customer complaints, according to its parent company's full-year 2012 results released today.

IFAs formerly part of the Paradigm Financial Advisers network - which was last month bought by Caerus Capital - are hoping for a turnaround in service standards when the new ownership comes into force.

Lothar Mentel, former Octopus chief investment officer, has joined advisory group Paradigm as CIO of its new investment management venture, Tatton Investment Management.

Keith Carby's Caerus Capital has bought Paradigm Financial Advisers (PFA) from the Paradigm Group.