adviser firms

Wrap platform Transact has acquired a 15% stake in adviser technology business Sprint Enterprise Technology, operator of adviser software system Fastrak.

Financial advisory businesses will contribute £68m to the Financial Conduct Authority's funding requirement for 2014-2015, a near-19% reduction on last year following a re-working of the regulator's fee blocks.

UK platform Skandia has reported profits of £13m in 2013, up from £2m in 2012, after net inflows of over £2bn last year.

St James's Place (SJP) saw its distribution business tumble into the red last year owing to the cost of hiring more advisers, and a £5.5m FSCS levy.

Nine companies have been named Adviser Firm of the Year in their respective regions at the Professional Adviser Awards 2014.

More than 5,000 financial advisers, brokers and bankers have been sacked or suspended since the beginning of the financial crisis, according to Financial Conduct Authority (FCA) figures.

Treasury committee chairman Andrew Tyrie has accused the regulator of overcharging the advice community and asked for a refund of fees at today's grilling of chief executive Martin Wheatley and chairman John Griffith-Jones.

A private equity firm has bought a majority stake in national financial advisory business Succession.

Nearly 50% of the UK's adviser community wants platforms to carry out bulk switches to clean share classes for their clients, research from FundsNetwork has discovered.

More than 40 advisory firms have made the shortlist for the Professional Adviser Awards 2014. Is yours on the list?