TITLE

'More providers will take small stakes in IFAs'

AUTHOR(S)
Scott, Tracey
PUB. DATE
August 2009
SOURCE
Money Marketing;8/20/2009, p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article highlights the expectations of Threesixty Services LLC partner Phil Young over the number of products providers to acquire small stakes in Independent Financial Authority's (IFA) in Great Britain. He explains that the best way to bring liquidity into the distribution sector is to buy smaller stakes in IFA firms than to buy outright. He also mentions the unwillingness of bank to lend money to large IFA firms following the event at Towergate Financial Services.
ACCESSION #
44210938

 

Related Articles

  • Intelligent Office represents the best product in the marketplace.  // Money Marketing;5/27/2010, p45 

    The article focuses on the importance of Intelliflo Ltd.'s Intelligent Office business software for members of Threesixty in Great Britain. It notes that the Intelligent Office software allows Threesixty's member firms to add in their own compliance checks and rules into the advice and sales...

  • Better business through technology.  // Money Marketing;9/25/2008, p47 

    The article presents a case study conducted by threesixty, quality support provider, regarding commission reconciliation under the Financial Services Authority's (FSA) COB regulations in Great Britain. Phil Young, partner of threesixty states that the commission helps advisory firms in...

  • Better business through technology.  // Money Marketing;1/29/2009, p45 

    The article presents a company profile of threesixty, a fastest growing quality support provider in the financial advisory market with 350 member firms in Great Britain. It notes that threesixty was founded and run by acknowledged and successful industry experts with the purpose of providing the...

  • Phil Young. Macdonald, Sam // Money Marketing;8/2/2012, p27 

    An interview with Threesixty Services managing director Phil Young is presented. When asked about his financial services industry journey, he says he failed as a lawyer that he instead joined Compliance Consultants consultancy firm based in Macclesfield, Cheshire, England in 1996. Young says...

  • Threesixty launches business acquisition service. Macdonald, Sam // Money Marketing (Online Edition);11/8/2012, p81 

    The article offers brief information on a service that aims to assist firms who are looking to buy or sell adviser businesses from Threesixty Services LLP.

  • Towergate scales back on IFA buys. Blackmore, Nicole // Money Marketing;6/18/2009, p3 

    The article focuses on the move of Towergate Financial Services (TFS) to scale back the building of a national network of independent financial advisors (IFAs) in Great Britain. It states that TFS, which has been folded into a division of Towergate Partnership Ltd. (TPL), must change its...

  • The Snowball effect. Scott, Tracey // Money Marketing;11/13/2008, p12 

    The article reports on the plan of Towergate Financial Services to pursue its independent financial adviser (IFA) buying spree with three acquisitions in Great Britain. The company announces its £100 million budget to acquire a total of 40 firms by 2010. Chairman Patrick Snowball contends...

  • Towergate to rebrand financial services firms. Pow, Helen // Money Marketing;10/1/2009, p10 

    The article reports in the rebranding of firms that Towergate has acquired when its financial services arm folded in June 2009 in Great Britain. It states that the firms will trade as Towergate Financial in the middle of October 2009. It notes that the changes applies to several firms including...

  • Graduate schemes frozen over cap ad. Milner, Leah // Money Marketing;10/15/2009 Careers Brief Supplement, p1 

    The article reports on the claim of Threesixty that independent financial adviser (IFA) companies are keeping graduate training schemes forcing firms to hold higher capital adequacy covering employed staff in Great Britain. According to Phil Young, Threesixty is planning to take a long-term view...

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