Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Saunderson House confident ahead of RDR

Saunderson House confident ahead of RDR

IFG Group says its wealth advisory subsidiary Saunderson House is in a strong position ahead of the retail distribution review.

Under the direction of Tony Overy, Saunderson has so far attracted 85 new clients this year and the group expects to continuing pulling in clients with its business in good shape ahead of the retail distribution review.  

'Saunderson House continues to perform well. The retail distribution review will come into effect on 1 January 2013 bringing greater transparency to the industry. We welcome its introduction and expect minimal impact on Saunderson House or its clients,' IFG said in a statement to the London Stock Exchange.  

'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.'  

IFG also said its James Hay subsidiary sold 258 Sipps in October, exceeding monthly targets of 250 and lifting total Sipps under administration to 37,410.    

James Hay now administers 40,000 Sipps, SSAS and wrap clients with £12 billion in assets under administration.

.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Jonathan Polin: why Towry spent £120m on Ashcourt Rowan

Jonathan Polin: why Towry spent £120m on Ashcourt Rowan

The former Ashcourt chief explains why Towry was prepared to pay such steep premium to buy the firm.

Play Citywire South West: the highlights

Citywire South West: the highlights

We bring you the best bits from our annual South West event held in St Pierre, Chepstow.

Play Taxicab Tenner: Investec Asset Management's Simon Brazier

Taxicab Tenner: Investec Asset Management's Simon Brazier

In the third episode of our new series, Brazier jumps on board a black cab and discusses how the banks are starting to look good.

Your Business: Cover Star Club

Wealth Manager: The highs and lows of Spiers' 30 years of discretionary innovation

Wealth Manager: The highs and lows of Spiers' 30 years of discretionary innovation

John Spiers saw Bestinvest lose 90% of its revenues overnight before rebuilding the company into a £5 billion wealth management giant

Wealth Manager on Twitter