City-based private equity firm Epiris is set to buy IFG Group - owner of Sipp and platform provider James Hay - for £206m.
Client wins at James Hay fell by 22% in the first 10 months of the year according to parent company IFG’s latest trading update.
Financial Planner and wealth manager Saunderson House has parted company with its investment director Chris Sexton after 14 years.
The sale of IFA Saunderson House has been abandoned by parent company IFG Group, parent company of SIPPs firm James Hay.
IFG Group, the owners of SIPP company James Hay Partnership, has announced a £400,000 loss in the last year, compared to profits of £6.4m for 2016.
IFG Group, the parent company of James Hay, has struck a deal worth up to £9.1m to sell three of its existing IFA businesses to Ascot Lloyd.
James Hay has seen revenue decrease from £18.7m in the first half of 2012 to £18.2m in the first half of 2013.