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IFP bags trio of northern IFAs.

Financial Advisor

| October 06, 2005 | COPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

YORKSHIRE-based IFA Informed Financial Planning has snapped up three IFA businesses in a swoop worth more than AGBP1m.

The acquisition of the three intermediary businesses in Leeds, Sheffield and Hull is the start of a drive by IFP to take a bigger chunk of business in the north of England.

If it is successful in securing its next deal with another two Yorkshire-based IFAs, it will increase its turnover by 25 per cent.

David Rist, managing director of IFP, said the move was part of a wider strategy.

He said: "The average IFA is in his mid-50s and many have built his business on sound ethical foundations. However, the FSA appears to be …

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Source: HighBeam Research, IFP bags trio of northern IFAs.

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