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A different way of ranking networks

For some time, intermediaries and lenders have been asking when a table will be printed that looks at all networks rather than just the ones that have mortgage and protection authorisation from the regulator.

Personal Touch provides a good example of such a network. Out of 1,750 business writers in total, 150 are IFAs and are therefore omitted from Richard Griffith’s quarterly tables of network performance, as seen in Mortgage Strategy.

But as we look at the details that can be gleaned from the Financial Services Authority’s website, even this fuller picture requires some clarification.

This is the reason I will not be claiming the table provided here gives the full picture. For example, Sesame, as the biggest firm, has a large number of IFA firms and advisers. Meanwhile, Legal & General has a tendency to have some large firms so its registered individual numbers would be a lot higher than the number of firms given here suggests.

There are also firms such as Positive Solutions and Bates Millfield whose set-ups mean the two appear as a single firm on the register.

Unfortunately we can only go by the official figures and so to the extent that it is possbile I intend to publish the full network table on a quarterly basis including changes.

If there are any omissions from the table given here that can be qualified through evidence on the FSA website, I apologise and will be happy to change things in the revised table next quarter.

In the meantime, I hope it helps advisers and suppliers to have this top 15 network ranking despite the distortion that listing AR firm numbers and not total number of business writers presents.


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