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James Hay and Saunderson House set for expansion
by Alex Steger on Nov 14, 2012 at 08:04
IFG Group, the parent company of Sipp provider James Hay and national IFA Saunderson House, plans to expand the businesses following improved performances from both firms.
James Hay Sip sales were up in October with 258 Sipps sold, exceeding monthly targets of 250, and taking the total number of Sipps under administration to 37,410.
James Hay now administers 40,000 Sipp, SSAS and wrap clients with £12 billion in assets under administration.
IFG said Saunderson House was in strong position for the retail distribution review (RDR) and would not be heavily impacted by the changes, as it was already fee-based.
It said: ‘As a pure-fee based advisor, the business is well-positioned with continued focus on its long term proposition of conflict-free advice and excellent client service.
‘With a deleveraged balance sheet and a net cash position expected by year end, the group is in a strong financial position with capacity to expand our Sipp and advisory businesses.’
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.
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by Michelle Abrego on Jun 18, 2013 at 18:29