Jun 13th 2012 - Edison Investment Research today published a report on IFG (IFP.L, LSE:IFP, LON:IFP) entitled "Saunderson House". In summary, the report says:
In this note we examine Saunderson House (SH), the UK fee-based IFA business of IFG Group, which generates around a sixth of the group’s revenue and profit. SH has delivered enviable and sustained revenue and profit growth by providing fee-based advice primarily to city legal and accounting partners. The model is being rolled out selectively to other professional sectors. SH services its customers with the same professional standards its customers give their own clients. It is significantly Retail Distribution Review (RDR) compliant and is arguably many years ahead of the competition.
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