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Financial Adviser, October, 2002
IFAs advised to spread their risks
IFAs should learn to take their own advice and spread the risk of their finances. Leslie Bland, chief executive of Close Invoice Finance, the factoring and invoice discounting arm of Close Brothers merchant bank, warned that SMEs should learn not to have all their eggs in one basket. He said that rather than rely on one source, such as an adviser or a bank, to take care of financial affairs, small businesses should learn to diversify. He said: "I think businessmen should spread their funding and use a factor that is independent of all clearing banks."
Fidelity speeds up valuation service
Fidelity is now able to offer IFAs a more speedy service with real-time valuations. The service has been provided by...
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