TITLE

£3.6m loss for Intrinsic after £1.9m Mint buy

AUTHOR(S)
Milner, Leah; Stodell, Hannah
PUB. DATE
May 2009
SOURCE
Money Marketing;5/21/2009, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the £3.6 loss of financial services company Intrinsic Financial Services (IFS) in Great Britain in 2008. The loss came after IFS bought Mint Financial Services Ltd. but it is confident that the increase in the number of financial advisers will help it recover. Moreover, the company is also optimistic that its financial condition will regain its strength.
ACCESSION #
41687457

 

Related Articles

  • Intrinsic swallows Mint for mystery amount. Milner, Leah // Mortgage Strategy;2/25/2008, p12 

    The article reports on the acquisition of Mint Financial Services Ltd. by Intrinsic Financial Services in Great Britain. It states that Paul Gains, co-former and chief executive officer of Mint, will remain at the firm, which will retain its separate branding. According to Intrinsic, Mint's...

  • Intrinsic buys Mint but loses Perfect Day. Shaw, Sam // Money Marketing;2/21/2008, p1 

    The article reports on the acquisition of Mint Financial Services Ltd. by multi-tie network Intrinsic Financial Services in Great Britain. It is stated that Intrinsic will take on Mint's 240 registered individuals to add to its 1,250 advisers. Mint will continue as a brand and will be run as a...

  • Mint profit up as turnover leaps. Shaw, Sam // Money Marketing;5/10/2007, p2 

    The article reports that Mint Financial Services Ltd. in Great Britain has increased its profit by 210% and its gross turnover by 93% as of December 31, 2006. It states that the company's individual adviser turnover has increased up to £451,307 and that its new mortgage lending under advice...

  • Intrinsic makes £2.5m pre-tax loss. Macdonald, Sam // Money Marketing (Online Edition);7/27/2012, p3 

    The article reports on the of 2.5 million pounds pre-tax loss posted by Intrinsic Financial Services Ltd. for 2011 after making a one million pounds provision for expected complaint settlements. According to Intrinsic, the complaints are related to a number of endowment policies sold within Mint...

  • Intrinsic reveals RDR model and new management team. Holt, Natalie // Money Marketing (Online Edition);6/28/2012, p10 

    The article reports that Intrinsic Financial Services Ltd. will distribute its services into four channels and it has also introduced a new executive management team. It states that the four channels will act as an independent arm, restricted arm, protection arm and as a mortgage arm. It...

  • Intrinsic mistakenly said Friends had pulled two-year protection. Holt, Natalie // Money Marketing;2/10/2011, p3 

    The article reports on the mistake committed by Intrinsic Financial Services Ltd. to inform financial advisers that Friends Provident PLC had drawn back from the two-year protection market in Great Britain after the firm had withdrawn from the multi-tie's protection panel.

  • Adewale quits Mint and starts up new network next door. Shaw, Sam // Money Marketing;3/27/2008, p1 

    The article reports that former Mint Inc. founder and executive chairman Andy Adewale in Great Britain has resigned the company to set up his own network in a neighboring office, the Unleash Advice Partner. Adewale predicts he will have 200 advisers within four years. He sold his 46% share in...

  • Intrinsic sets aside £2m for complaints as profits rocket. Selby, Tom // Money Marketing (Online Edition);5/23/2013, p54 

    The article reports that over 163;2m pound for expected complaints settlements have been set aside by Intrinsic Financial Services Ltd. in its 2012 accounts. It is noted that profit before interest, tax depreciation and amortization are displayed by Intrinsic's 2012 accounts. It is stated that...

  • Intrinsic reveals platform panel. Macdonald, Sam // Money Marketing (Online Edition);10/10/2012, p9 

    The article focuses on the disclosure by Intrinsic Financial Services Ltd. that Aegon Retirement Choices, Sanlam Portal and Cofunds will be a part of the firm's platform panel. Cofunds sales and marketing director Alastair Conway said that he is pleased to add the Intrinsic Financial Services...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics