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.