“AFH seeks £20m to fund further acquisitions”

Jul 3, 2019 | Acquisitions

Every week one of the big ‘consolidators’ buys out more small advisers, meaning that a few, giant, firms have more and more clients to look after and funds to manage. This could be a good thing, were they to recruit and train new, young advisers into a profession in which, at meetings with colleagues, I often reduce the average age. The lesson of history, alas, is that the bigger they get, the harder regulation and incompetent management will make them fall. So I’m staying small.

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