August 2016 - Matrix Solutions · Matrix Investment Intermediaries July 2016 ranking Number of ARs...

August 2016

Matrix Solutions, 55 New Oxford Street, London WC1A 1BS of 22

Tel 020 7074 1200, Fax 020 7074 1201, Reg Number 1934498

Contents

1. All about the Matrix Financial Intermediary Database .................................... 3

2. Financial Services Register firm and individual analysis ................................ 4

3. Networks and Groups ..................................................................................... 7

3.1 Networks ............................................................................................ 7

3.2 Directly authorised firms .................................................................... 9

4. A glimpse into the Matrix Financial Intermediary Database .......................... 10

4.1 Matrix Investment Intermediaries by region ..................................... 10

4.2 Matrix Investment Intermediaries by segment ................................. 12

4.3 Matrix Investment Intermediaries by sales staff size ........................ 13

4.4 Activity and product breakdown ....................................................... 14

4.5 Contact controlled functions ............................................................ 16

5. Market fluctuations ....................................................................................... 17

6. Licensing options .......................................................................................... 18

7. Cost summary .............................................................................................. 18

Appendix A – How to read our numbers ............................................................... 19

Appendix B – Financial adviser networks ............................................................. 20

Appendix C – Directly authorised firms and groups .............................................. 21



1. All about the Matrix Financial Intermediary Database

Our UK Financial Intermediary Database is widely regarded as the industry standard. It is the most

comprehensive and flexible source of information on UK investment, pensions, protection, mortgage and

insurance intermediaries.

The Matrix Financial Intermediary Database (MFID) has been developed over the last 30 years, and is cross-

referenced every month against the Financial Services Register to ensure that we have a current and

complete "universe" of all financial intermediaries in the UK.

We have further researched and enriched our data in a number of ways:

For more details please contact the Matrix Client Services Team on 020 7074 1200 or

[email protected], or visit our website www.matrixsolution s.co.uk.

mailto:[email protected]

http://www.matrixsolutions.co.uk/Resources/data-audit/



2. Financial Services Register firm and individual analysis

This section looks at the widest investment universe: the total number of firms on the Financial Services

Register with investment permissions.

Please refer to Appendix A in order to better understand our numbers.

Matrix Solutions receives a monthly feed of the Financial Services Register which allows us to track the total

number of firms and registered individuals (RIs) over time.

The following tables show the numbers of authorised investment firms, registered individuals, and CF30s

(Controlled Functions) recorded since December 2015. Also shown is the number of registered individuals

present at both Directly Authorised (DA) and Appointed Representative (AR) firms1.

So far in 2016, the number of Financial Conduct Authority (FCA) regulated firms has remained largely

unchanged. There are 23,963 firms that carry on a regulated activity - a 1.4% decrease compared to

December 2015, due to a reduction of 476 Appointed Representatives.

The Senior Managers Regime (SMR) went live in March 2016. This had a significant impact on the number

of active CF30 involvements as a result of changes to the certification regime2. Following the implantation of

the SMR, Matrix observes a reduction of c4,000 RIs at DA firms as well as an increase of c8,000 RIs at AR

firms in April 2016. Since then RI figures at DA and AR firms resumed to their stable monthly growth,

recording 1% & 0.4% increases respectively, in August.

1 A single registered individual can work for more than one firm. Thus, the sum of the number of registered individuals at directly authorised

and appointed representative firms does not match the overall number of registered individuals. This also applies to the numbers of CF30s.

2 Applies to Banks, PRA-designated Investment Firms, Building Societies, Credit Unions and Incoming Branches of Overseas Banks (also

known as Relevant Authorised Persons (RAPs)

Authorised Firms Number of Number of % Change Number of % Change Number of % Change

Number of authorised firms 24,301 23,897 -1.66% 23,926 -1.54% 23,963 -1.39%

Directly Authorised 12,176 12,204 0.23% 12,258 0.67% 12,314 1.13%

Appointed Representatives 12,125 11,693 -3.56% 11,668 -3.77% 11,649 -3.93%

May 2016 Jul 2016 Aug 2016Dec 2015All Firms and Registered Individuals

with FCA Investment Permissions

All Registered Individuals Number of Number of % Change Number of % Change Number of % Change

Overall number of RIs 129,827 133,108 2.53% 135,138 4.09% 136,320 5.00%

Number of RIs at DA firms 116,179 113,058 -2.69% 114,865 -1.13% 115,972 -0.18%

Number of RIs at AR firms 14,982 23,066 53.96% 23,341 55.79% 23,440 56.45%

CF30 Individuals

Overall number of CF30s 100,673 70,548 -29.92% 70,824 -29.65% 70,990 -29.48%

Number of CF30s at DA firms 90,175 59,764 -33.72% 59,922 -33.55% 60,054 -33.40%

Number of CF30s at AR firms 10,805 10,983 1.65% 11,154 3.23% 11,200 3.66%

* All the percentage changes relate back to Dec 2015

Dec 2015 May 2016 Jul 2016 Aug 2016All Firms and Registered Individuals



The number of DAs has moved in different direction to the ARs’ in every month so far this year – when one was

growing, the other declined.

RIs have registered a 5% increase in numbers so far in 2016, with nearly 1,200 additions in the last reported

month. August also saw an additional 166 CF30s, following July’s increase of 276.

d46

46,528 CF30 records closed in

March 2016 in anticipation for

SMR’s Certification Regime.



The table below presents the same figures looking only at a smaller researched subset of the entire FCA

Register intermediary universe, known as the Matrix Investment Intermediary universe.

In comparison to December 2015, the overall numbers of authorised firms have increased as DA

firms increased by almost 2.7% whilst AR firms decreased by 0.4%. In terms of the overall number

of RI and CF30’s, both have seen a decrease in their overall numbers with a trend of DA firms

decreasing by approximately 19% and 20% respectively. However RI’s and CF30’s at AR firms have

increased since December 2015.

Authorised Firms Number of Number of % Change Number of % Change Number of % Change

Overall number of authorised firms 11,039 11,063 0.22% 11,079 0.36% 11,162 1.11%

Directly Authorised 5,486 5,634 2.70% 5,619 2.42% 5,633 2.68%

Appointed Representatives 5,553 5,429 -2.23% 5,460 -1.67% 5,529 -0.43%

All Registered Individuals

Overall number of RIs 43,645 37,608 -13.83% 37,590 -13.87% 37,768 -13.47%

Number of RIs at DA firms 33,391 27,300 -18.24% 27,214 -18.50% 27,215 -18.50%

Number of RIs at AR firms 11,069 11,030 -0.35% 11,101 0.29% 11,282 1.92%

CF30 Individuals - Customer Facing Staff

Overall number of CF30s 37,526 31,843 -15.14% 31,843 -15.14% 32,009 -14.70%

Number of CF30s at DA firms 28,489 22,729 -20.22% 22,678 -20.40% 22,662 -20.45%

Number of CF30s at AR firms 9,236 9,245 0.10% 9,305 0.75% 9,488 2.73%

* All the percentage changes relate back to Dec 2015

Aug 2016Matrix Investment Intermediaries Dec 2015 May 2016 Jul 2016



3. Networks and Groups

Every month Matrix Observatory monitors market trends. Statistics include the groups3 and networks

4 that

have gained or lost the most RIs, and the RI fluctuations among the networks and directly authorised firms

with the highest number of RIs.

3.1 Networks

The following table presents the number of appointed representatives (ARs) for each of the company listed

below. The table excludes appointed representative firms with only unregistered mortgage, general and life

advisers or introducer ARs.

2 Groups are two or more firms sharing a common ownership.

3 Networks are Directly Authorised firms with ≥ 20 Appointed Representatives.

Top Networks

Matrix Investment Intermediaries

July 2016

ranking

Number of

ARs

August 2016

1 St. James's Place Wealth Management plc 1 2,391

2 Intrinsic Financial Planning Group** 2 699

3 Openwork Ltd 3 506

4 The Tenet Group** 4 292

5 The On-Line Partnership Ltd** 5 215

6 Tavistock Financial Ltd 6 179

7 Personal Touch Financial Services Group 7 161

8 Lighthouse Group 8 114

9 Caerus Financial Ltd 9 105

10 Sense Network Ltd 10 104

11 Best Practice IFA Group Ltd 11 85

12 Vision Independent Financial Planning Ltd 72

13 Harwood Wealth Management Group 12 54

14 Validpath Ltd 13 34

15 Pi Financial Ltd 30

** Refer to Appendix B for group members

* Sesame Bankhall Group dropped out from the tab le due to their

Financial Advisory department closure



The table below shows the net gain or loss of registered individuals since December 2015, in the last three

reported months, for the top 15 networks with the highest number of registered individuals.

Top 15 Networks


Number

ofDec 2015 May 2016

Net Gain/Loss May

2016Jul 2016

Net Gain/Loss Jul

2016Aug 2016

Net Gain/Loss Aug

2016

1 St. James's Place Wealth Management plc* RIs 3,688 3,773 85 3,794 106 3,842 154

CF30s 3,170 3,260 90 3,266 96 3,328 158

2 Intrinsic Financial Planning Group** RIs 1,602 1,621 19 1,624 22 2,085 483

CF30s 1,263 1,288 25 1,270 7 1,743 480

3 Openwork Ltd RIs 1,121 1,134 13 1,135 14 1,146 25

CF30s 735 743 8 741 6 751 16

4 The Tenet Group RIs 780 778 -2 775 -5 776 -4

CF30s 638 634 -4 632 -6 623 -15

5 The On-Line Partnership Ltd RIs 543 450 3 451 4 454 7

CF30s 376 272 -3 271 -4 275 0

6 Lighthouse Group RIs 415 404 -11 401 -14 397 -18

CF30s 340 338 -2 333 -7 335 -5

7 Caerus Financial Ltd RIs 347 339 -8 335 -12 328 -19

CF30s 281 278 -3 270 -11 276 -5

8 Tavistock Financial Ltd RIs 263 268 5 265 2 265 2

CF30s 201 205 4 202 1 205 4

9 Personal Touch Financial Services Group RIs 280 271 -9 266 -14 261 -19

CF30s 52 47 -5 45 -7 45 -7

10 Best Practice IFA Group Ltd RIs 212 221 9 224 12 225 13

CF30s 175 181 6 181 6 188 13

11 Sense Network Ltd RIs 216 217 1 214 -2 214 -2

CF30s 173 175 2 171 -2 170 -3

12 Harwood Wealth Management Group RIs 109 108 -1 110 1 111 2

CF30s 83 86 3 88 5 88 5

13 Vision Independent Financial Planning Ltd*** RIs 89

CF30s 81

14 Pi Financial Ltd*** RIs 86

CF30s 79

15 L J Financial Planning Ltd*** RIs 65

CF30s 54

* The number of SJP CF30s includes a proportion of qualified staff not acting as advisors

** Intrinsic Financial Planning Group excludes Positive Solutions (Financial Services) Ltd prior to August 2016

*** Vision Independent Financial Planning Ltd, Pi Financial Ltd, and L J Financial Planning Ltd were added as Networks to our daabase in August 2016



3.2 Directly authorised firms

Similarly, the next table shows the top 15 groups and directly authorised (DA) firms with the most

Registered Individuals (RI). The net gain/loss is relative to December 2015 and the last three reported

months are displayed.

Top 15 Groups and DA Firms


Number

ofDec 2015 May 2016

Net Gain/Loss to

May 2016Jul 2016

Net Gain/Loss to

Jul 2016Aug 2016

Net Gain/Loss to

Aug 2016

1 Brewin Dolphin Ltd RIs 472 463 -9 457 -15 439 -33

CF30s 450 439 -11 417 -33 420 -30

2 Investec Group* RIs 684 423 -261 424 -260 426 -258

CF30s 652 402 -250 402 -250 404 -248

3 True Potential Wealth Management LLP RIs 405 403 -2 405 0 407 2

CF30s 400 396 -4 390 -10 400 0

4 Charles Stanley & Co Ltd RIs 341 333 -8 329 -12 317 -24

CF30s 329 319 -10 307 -22 295 -34

5 Prudential Financial Planning Ltd RIs 258 279 279 277 277 276 276

CF30s 228 267 267 255 255 263 263

6 Towry Group* RIs 231 228 -3 226 -5 231 0

CF30s 214 210 -4 208 -6 213 -1

7 Morgan Stanley & Co Ltd RIs 0 245 245 239 239 230 -9

CF30s 0 239 239 230 230 225 -5

8 Barclays Group* RIs 226 227 1 225 -1 221 -5

CF30s 214 215 1 212 -2 212 -2

9 Succession* RIs 215 205 -10 207 -8 213 -2

CF30s 163 160 -3 158 -5 169 6

10 Towers Watson Ltd RIs 214 212 -2 212 -2 213 -1

CF30s 208 207 -1 204 -4 203 -5

11 Mercer Ltd RIs 201 212 11 208 7 206 5

CF30s 191 194 3 196 5 194 3

12 Quilter Cheviot Ltd RIs 197 198 1 197 0 192 -5

CF30s 188 188 0 181 -7 183 -5

13 2 Plan Wealth Management Ltd RIs 185 182 -3 185 0 183 -2

CF30s 182 179 -3 181 -1 181 -1

14 Redmayne-Bentley LLP RIs 174 172 -2 176 2 181 7

CF30s 169 167 -2 172 3 174 5

15 Close Brothers Group RIs 148 164 16 153 5 155 7

CF30s 137 152 15 140 3 145 8

*Refer to Appendix C

**Morgan Stanley & Co Ltd Net Gain/Loss figures relate to the previous month rather than to December 2015



4. A glimpse into the Matrix Financial Intermediary Database

The data within MFID is viewable in powerful and different ways. Below is a glimpse into how the data can be

organised to provide an in-depth overview of UK financial intermediaries, and to provide a solid foundation

from which to select data in line with your desired target audience.

4.1 Matrix Investment Intermediaries by region

This summarises the concentration of financial intermediary outlets and contacts according to regions.

0

5000

10000

15000

20000

25000

Branch Head Office

Outlets

Contacts

UK Region Total Outlets Head Office Branch Contacts Emails

South East 2,547 1,846 701 4,606 3,580

Greater London 1,948 1,522 426 5,269 4,189

North West 1,591 1,193 398 3,080 2,352

South West 1,737 1,126 611 3,614 2,980

East of England 1,489 1,078 411 2,800 2,226

West Midlands 1,250 895 355 2,238 1,765

Scotland 1,250 850 400 2,412 1,914

Yorkshire and The Humber 1,146 834 312 2,369 1,895

East Midlands 975 726 249 1,890 1,421

Wales 611 449 162 1,034 754

North East 495 348 147 1,018 839

Northern Ireland 374 281 93 670 506

Channel Islands 20 1 19 59 55

Isle of Man 4 0 4 9 9

Grand Total 15,437 11,149 4,288 31,068 24,485



South East 17%

Greater London

13%

North West 10%

South West 11%

East of England

10%

West Midlands 8%

Scotland 8%

Yorkshire and The Humber

8%

East Midlands 6%

Wales 4%

North East 3% Northern

Ireland 2%

Channel Islands

0%

Isle of Man 0%

The table below compares the top ten most populated investor counties against the number of financial

intermediaries in the same area and shows the penetration of IFAs (Independent Financial Advisers) to

potential customers and the average number of investors5 per IFA.

5 Number of Investors according to the Matrix Investor Database – for more information please visit the Investor Database

page on our website at www.matrixsolutions.co.uk

0

1000

2000

3000

4000

5000

6000

SouthEast

GreaterLondon

SouthWest

NorthWest

East ofEngland

WestMidlands

Scotland Yorkshireand TheHumber

EastMidlands

Wales NorthEast

NorthernIreland

ChannelIslands

Isle ofMan

Total Outlets 2547 1948 1737 1591 1489 1250 1250 1146 975 611 495 374 20 4

Head Office 1846 1522 1126 1193 1078 895 850 834 726 449 348 281 1 0

Branch 701 426 611 398 411 355 400 312 249 162 147 93 19 4

Contacts 4606 5269 3614 3080 2800 2238 2412 2369 1890 1034 1018 670 59 9

Emails 3580 4189 2980 2352 2226 1765 1914 1895 1421 754 839 506 55 9

County Investors IFAs Pen Investor / IFA

Greater London 315,154 1,960 0.62% 161

Hampshire 74,982 439 0.59% 171

Surrey 71,329 453 0.64% 157

Kent 63,792 488 0.76% 131

West Yorkshire 61,546 506 0.82% 122

Greater Manchester 60,371 590 0.98% 102

Essex 57,966 415 0.72% 140

West Midlands 53,367 478 0.90% 112

Hertfordshire 52,751 394 0.75% 134

Gloucestershire 43,463 272 0.63% 160

Grand Total 854,721 5,995 7.39% 1,390

http://www.matrixsolutions.co.uk/



4.2 Matrix Investment Intermediaries by segment

This summarises the number of Matrix Investment Intermediary outlets, email addresses and contacts by

segment.

The following chart shows the relative size of each market segment.

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

IFA NetworkMember

Small Firms Large IFAs Multi-office Nationals AppointedReps

IFA NetworkHead

Network Head

Total Outlets 5584 3597 1812 1523 1451 885 628 16

Head Office 4766 3597 961 961 83 763 28 3

Branch 818 0 851 562 1368 122 600 13

Contacts 7955 6147 7274 2702 4636 1554 845 35

Emails 5158 4318 6515 2122 4396 1201 810 29

* Network - Directly Authorised firms with ≥ 20 Appointed Representatives; Small Firms - Active firms with active outlets

(including outlets belonging to the firm’s Appointed Representatives) in one location and with < 15 Registered Individuals

(including ones belonging to the firm’s Appointed Representatives); Large Firms - Firms with active outlets (including

outlets belonging to the firm’s Appointed Representatives) in one location and with ≥ 15 Registered Individuals (including

Registered Individuals belonging to the firm’s Appointed Representatives); M ulti-office- Firms with between 2 and 9

inclusive active outlets (including outlets belonging to the firm’s Appointed Representatives) in more than one location;

Nationals - Active firm with ≥10 outlets (branches), or firms with ≥ 5 outlets in more than one location and with ≥70 more

registered individuals.

Values

Total Outlets

IFA Network Member 5,584 4,766 818 7,955 5,158

Small Firms 3,597 3,597 0 6,147 4,318

Large IFAs 1,812 961 851 7,274 6,515

Multi-office 1,523 961 562 2,702 2,122

Nationals 1,451 83 1,368 4,636 4,396

Appointed Reps 885 763 122 1,554 1,201

IFA Network Head 628 28 600 845 810

Network Head 16 3 13 35 29

Grand Total 15,496 11,162 4,334 31,148 24,549

Segment Head Office Branch Contacts Emails



4.3 Matrix Investment Intermediaries by sales staff size

This summarises the number of Matrix Intermediary outlets, email addresses and contacts split by banded

number of advisors (Financial Services Register customer function and Non-Financial Services Register sales

staff) which demonstrates the sales size of each outlet.

The number of outlets and contacts by sales staff band are shown in the chart below.

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

0 1 2 3 4 5 6 to 10 11 to 20 21 to 50 51 to 100 101 to 250 251 to 500

Total Outlets 167 6870 2417 1123 749 455 961 661 544 354 632 563

Head Office 126 6479 2041 887 513 281 516 191 71 28 21 8

Branch 41 391 376 236 236 174 445 470 473 326 611 555

Contacts 297 8112 4302 2629 2033 1372 3675 2363 1585 1366 1863 1551

Emails 240 4787 3116 2014 1719 1201 3268 2181 1484 1267 1815 1457

-200 -150 -100 -50 0 50 100 150

0

1

2

3

4

5

6 to 10

11 to 20

21 to 50

51 to 100

101 to 250

251 to 500

Over 500

Change since last month

Sales Size Total Outlets Head Office Branch Contacts Emails

0 167 126 41 297 240

1 6870 6479 391 8112 4787

2 2417 2041 376 4302 3116

3 1123 887 236 2629 2014

4 749 513 236 2033 1719

5 455 281 174 1372 1201

6 to 10 961 516 445 3675 3268

11 to 20 661 191 470 2363 2181

21 to 50 544 71 473 1585 1484

51 to 100 354 28 326 1366 1267

101 to 250 632 21 611 1863 1815

251 to 500 563 8 555 1551 1457

Grand Total 15496 11162 4334 31148 24549



4.4 Activity and product breakdown

This summarises the number of Matrix Intermediary outlets, email addresses and contacts by business and

advisory areas. The table below shows the number of firms that offer advice in each of the products.

Total Outlets Head Office Branch Contact Emails

Insurance

Commercial Lines 519 396 123 1,268 1,085

Personal Lines 752 578 174 1,769 1,541

Investments

Annuities 1,627 1,295 332 4,258 3,702

Corporate Finance 672 521 151 1,939 1,756

Direct Investments 3,773 3,592 181 12,549 10,801

EIS 899 770 129 2,828 2,552

Ethical Investments 1,354 1,082 272 3,911 3,462

Investment Bonds 7,891 6,810 1,081 20,191 16,390

Investment Trusts 6,893 5,920 973 19,213 16,062

ISAs 7,616 6,565 1,051 19,658 16,011

Life Assurance 6,840 6,402 438 17,617 14,110

Management of Investments 1,064 859 205 3,663 3,295

Offshore Investments 6,696 5,816 880 18,729 15,605

Property Investments 694 547 147 1,950 1,766

Retirement Planning 5,963 5,651 312 15,716 12,640

Structured Products 3,005 2,739 266 10,154 8,776

Tax Efficient Investments 1,494 1,259 235 4,448 3,898

Traded Endowments 941 871 70 2,965 2,568

Unit Trusts 9,568 8,450 1,118 22,789 18,088

VCT 1,249 1,027 222 4,138 3,732

Mortgages

Commercial Mortgages 1,840 1,514 326 5,122 4,291

Equity Release 3,672 3,414 258 10,460 8,720

Residential Mortgages 4,317 3,592 725 11,713 9,833

Pensions

Group Pensions 7,831 6,828 1,003 20,339 16,618

Personal Pensions 9,689 8,558 1,131 22,660 17,918

SIPP 7,930 6,908 1,022 20,529 16,773

Protection

Group Protection 3,118 2,676 442 10,424 9,061

Long Term Care 1,262 1,101 161 4,126 3,627

Personal Protection 8,695 7,537 1,158 20,470 16,181



This data is summarized in the following chart, which shows the number of outlets offering services in each

specific business area.

Please note that these figures only apply to the Matrix Investment Intermediary universe, and so do not

include pure mortgage or pure insurance brokers. If you require statistics on these please contact the Matrix

Client Services Team on 020 7074 1200 or email us at [email protected].

0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000

Personal Pensions

Unit Trusts

Personal Protection

SIPP

Investment Bonds

Group Pensions

ISAs

Investment Trusts

Life Assurance

Offshore Investments

Retirement Planning

Residential Mortgages

Direct Investments

Equity Release

Group Protection

Structured Products

Commercial Mortgages

Annuities

Tax Efficient Investments

Ethical Investments

Longterm Care

VCT

Management of Investments

Traded Endowments

EIS

Personal Lines

Property Investments

Corporate Finance

Commercial Lines




4.5 Contact controlled functions

This summarises the number of FCA regulated individuals at Matrix Investment Intermediary firms along with

the number of email addresses available for each controlled function (CF).

This is also depicted in the chart below, which compares the number of contacts and email addresses across

each controlled function.

CF1 Director

CF3 Chief Executive

CF4 Partner

CF10 Compliance Oversight

CF30 Customer Function

With Email

Without Email

Function With Email Without Email

CF1 Director 7281 2213

CF3 Chief Executive 402 82

CF4 Partner 1635 669

CF10 Compliance Oversight 3659 947

CF30 Customer Function 17077 3122



5. Market fluctuations

The following charts show the fluctuations in the number of outlets and contacts in the Matrix Financial

Intermediary Database over the last six reported months.



6. Licensing options

There are a number of products and services through which you can access the data and we have developed

three different packages to suit our clients’ needs:

ONE-OFF - Data rental for a one-off campaign is ideal if you’re planning a single mailing or email broadcast.

Examples of this include new product launches, directing prospects to your website or simply reminding the

market of your competitive products. For physical mailings, we’ll provide you with the data cut on an Excel

spreadsheet, and it will include fully researched details of your prospects’ contact name, job title, outlet address,

telephone number and more. For email broadcasts, we’ll assign you a dedicated campaign manager who will

execute your required campaign from inception to delivery, providing you with immediate reports on open and

click-through rates to help you maximise your new opportunities.

MULTI-USE - This is best when you require use of a subsection of the database more than once in a campaign,

for example when sending out an initial mailing followed up by a series of reminder messages. Similarly to the

data rental option, this works well with a series of postal mailings, or up to six email campaigns which one of our

experienced campaign managers will execute from start to finish.

ANNUAL LICENCE - If you require access to the whole database on an on-going basis, our Adviser Connect

programme is the best option for you. Our annual licence is also available for use in bespoke solutions involving

CRM integration and Single Intermediary Views. Please contact us for more details.

Clients who take out our annual licence will receive training and secure online logins to Adviser Connect, our

proprietary database application. Adviser Connect allows you to fully search the whole database and to create

your own exportable email and mailing lists.

7. Cost summary

The various options for rental or purchase are outlined here

POSTAL EMAIL6

ONE-OFF £350 PER THOUSAND CONTACTS £450 PER THOUSAND CONTACTS

MULTIPLE-USE FROM £1200 PER THOUSAND CONTACTS7 FROM £1500 PER THOUSAND CONTACTS

ANNUAL LICENCE £20K PER ANNUM WITH ADVISER CONNECT ACCESS TO ONE MODULE. ADDITIONAL MODULES ARE AVAILABLE AT £6K PER ANNUM

8

NB: each data file sent is subject to a £50 file production fee.

For further details on any of these products, please contact the Matrix Client Services Team on 020 7074 1200

or email us at [email protected].

6 Price will depend on the information provided.

7 Setup and reporting fee of £500 applied per email broadcast. All prices are exclusive of VAT.

8 There are three modules available: Investment, Mortgage or Unrestricted.




Appendix A – How to read our numbers

The number of firms and contacts shown in the tables and charts in the following sections are based on the

Matrix Investment Intermediary universe.

A FCA regulated firm is classified as a Matrix Investment Intermediary when

it is FCA authorised to conduct retail investments regulated activities

at least one of the firm’s approved individuals carries out CF 30 Customer Function controlled function

it has been reviewed and approved as an Intermediary Firm by the Matrix Research team.

Therefore, please note the following points:

non-investment firms and their registered individuals are automatically excluded from our Matrix

Investment Intermediary universe counts

only FCA Registered Individuals are considered. Therefore, unregistered mortgage, general and life

advisers are not included in Matrix Observatory’s statistics

non-advising CF30s will be counted and reported. The number of CF30 individuals is solely the sum of

a firm’s approved persons and appointed representatives with a CF30 controlled function. No further

checks on the individual’s financial adviser qualifications are considered.

The reader should also consider that

the Observatory reports changes in the market occurred in the previous calendar month

non-regulated Corporate Groups structure may not be immediately reflected in Matrix database and

consequently in the present report.

In its effort to offer the most comprehensive and accurate database in the market, Matrix Solutions

welcomes any feedback or insight from its clients or the wider industry. P lease do not hesitate to contact

us via the Matrix Client Services Team on 020 7074 1200, by email at [email protected], or via

our website www.matrixsolutions.co.uk.




Appendix B – Financial adviser networks

The following table delineates the networks of financial advisers that are members of a group and are included

in the figures presented in section 3.1 – Networks

COMPANY NAME GROUP COMPANIES

Harwood Wealth Management Group Network Direct Ltd

Intrinsic Financial Planning Group

Intrinsic Financial Solutions Ltd; Intrinsic Financial Planning Ltd;

Intrinsic Independent Financial Solutions Ltd; Intrinsic Mortgage

Planning Ltd; Intrinsic Wealth Ltd; Positive Solutions (Financial

Services) Ltd

Lighthouse Group

Lighthousewealth Ltd; Lighthouse Financial Advice Ltd;

Lighthouse Advisory Services Ltd; The Falcon Group Ltd;

Financial Services Advice & Support Ltd; Lighthousecarrwood

Ltd

Openwork

Metlife Europe Services Ltd; Openwork Market Solutions Ltd;

Openwork Ltd; Metlife Pension Trustees Ltd; 2 Plan Wealth

Management Ltd; Metlife Europe Insurance Ltd; Metlife Europe

D A C; Openwork Access Ltd

Personal Touch Financial Services Group

Personal Touch Financial Solutions; Personal Touch Mortgages

(Lincs) Ltd; Personal Touch Financial Services Ltd; PTK Ltd;

Personal Touch Financial Services (Solent) Ltd; John Atton

St. James's Place Group

St James's Place UK plc; St James's Place Investment

Administration Ltd; St. James's Place Wealth Management plc;

St. James's Place Unit Trust Group Ltd; St. James's Place

Wealth Management (Pcis) Ltd; St James's Place International

plc

Tavistock Financial Limited Abacus Associates Financial Services Ltd; Tavistock Financial

Ltd

The Tenet Group Tenetconnect Services Ltd; Tenetlime Ltd; Tenetfinancial

Solutions Ltd; Tenetconnect Ltd

The On-line Partnership Ltd Whitechurch Securities Ltd; The Whitechurch Network Ltd

Through its researches Matrix Solutions gathers and validates intelligence and constantly works on

keeping this information accurate and up-to-date. For further details on how to enhance your existing

data, please contact the Matrix Client Services Team on 020 7074 1200 or email us at

[email protected].




Appendix C – Directly authorised firms and groups

The next table presents the list of the directly authorised firms that belong to a group and whose number of

registered individuals was summarized in section 3.2 – Directly authorised firms.

COMPANY NAME GROUP COMPANIES

Barclays Group

Oak Pension Asset Management Ltd; Gain Capital UK Ltd;

Barclays Asset Management Ltd; Barclays Insurance Services

Co Ltd; Barclays Stockbrokers Ltd; Barclays Bank Ireland plc;

Barclays Capital Securities Ltd; Barclays Insurance (Dublin) Ltd;

Gerrard Financial Planning Ltd; Clydesdale Financial Services

Ltd; Gerrard Investment Management Ltd; Barclays Bank plc;

Barclays Courtage; Barclays Bank S A; Barclays Patrimoine;

Barclays Private Clients International Ltd; Barclays Mediador

Operador de Banca Seguros Vinculado, S A; Equistone Partners

Europe Ltd; Barclays Bank Trust Co Ltd; CNP Barclays Vida Y

Pensiones Compania de Seguros S A; Barclays Assurance

(Dublin) Ltd

Charles Stanley Group CS Financial Solutions (Csfs) Ltd; Charles Stanley & Co Ltd

Close Brothers Group

Winterflood Securities Ltd; Place Campbell Close Brothers Ltd;

Close Brothers Seydler Bank AG; Close Asset Finance Ltd;

Chartwell Funding Ltd; Close Investments Ltd; Close Asset

Management (UK) Ltd; Chartwell Healthcare Ltd; Close Motor

Finance Ltd; MacKay Stewart & Brown Ltd; Close Brothers Ltd;

Close Asset Management Ltd; Daiwa Corporate Advisory Ltd

Investec Group

Investec Wealth & Investment Trustees Ltd; Bellecapital UK Ltd;

Investec Wealth & Investment Ltd; Investec Asset Management

Ltd; Williams de Broe Ltd; Investec Fund Managers Ltd; Investec

Bank plc

Mercer Group Mercer Ltd

Morgan Stanley Group Morgan Stanley & Co Ltd; Morgan Stanley & Co International plc

Old Mutual Group Quilter Cheviot Ltd

Openwork 2 Plan Wealth Management Ltd

Prudential Group

Prudential Financial Planning Ltd; The Prudential Assurance Co

Ltd; Prudential Unit Trusts Ltd; M&G Real Estate Ltd; Vitality

Health Insurance Ltd; Vitality Corporate Services Ltd; M & G

Securities Ltd; M & G Financial Services Ltd; M&G International

Investments Ltd; Prudential Lifetime Mortgages Ltd; M&G

Alternatives Investment Management Ltd; M&G Investment

Management Ltd; Prudential International Assurance plc;



Prudential Pensions Ltd; Vitality Health Ltd; Prudential

Distribution Ltd

Succession

Squirrel Pfa Ltd; Finch Commercial Insurance Brokers Ltd;

Richard Bamber & Co Ltd; Boler Wiseman Financial Services Ltd;

Holyrood Asset Management Ltd; Firth & Scott (Insurance

Brokers) Ltd; Squirrel Wealth Ltd; Caledonia Financial Planning

Ltd; Berkeley Burke Sipp Administration Ltd; Insight Financial;

Berkeley Burke Wealth Management Ltd; Berkeley Burke

Financial Services Ltd; Kingsland Wealth Management Ltd;

Millfield Osceola Financial Consultancy Ltd; Insight Financial

Associates Ltd; E S Walton & Co Ltd; Berkeley Burke & Co Ltd;

Succession Wealth Management Ltd; Squirrel Wealth

Management Ltd; Succession Financial Management Ltd; Norris

& Fisher Independent Financial Services Ltd; Confidel Ltd; Affinity

Independent Management Ltd; Sigma Wealth Strategies Ltd;

Parkgate Financial Services LLP; Xentum Ltd; Lanyon Astor

Buller Ltd; TMS Financial Solutions Ltd; Affinity Independent Ltd;

Succession Benefit Solutions LLP; Independent Insurance

Advisers (Cheltenham) Ltd; Michael Moore Insurance Brokers

Ltd; Michael Moore Life & Pensions LLP; Richard Bamber & Co

(Mortgages) Ltd; Oakley Financial Solutions Ltd; Berkeley Burke

Macartney & Dowie Ltd; Langham Pensions & Investments Ltd;

Succession Advisory Services Ltd; Lyndhurst Financial

Management Ltd; Firth & Scott Financial Services Ltd; Fiducia

Wealth Management Ltd; South West Brokers Ltd; Sigma Asset

Management Ltd; Insight Private Finance Ltd; Ainsworths

Financial Services Ltd; Alchemy Advisory Services Ltd; Facts

Financial Ltd; Beaumont Robinson Ltd; Affinity Individual

Mortgage Services Ltd; Wessex Investment Management Ltd;

Clearwater Wealth Management LLP; Total Financial Solutions

(UK) Ltd

Towry Group

Towry Fund Managers Ltd; Towry Investment Management Ltd;

Towry Pension Trustees Ltd; Towry Ltd; Townends Wealth

Management Ltd; Baker Tilly Financial Management Ltd; Towry

Asset Management Ltd

True Potential Group True Potential Investments LLP; True Potential Associate

Partners Ltd; True Potential Wealth Management LLP

Through its researches Matrix Solutions gathers and validates intelligence and constantly works on keeping

this information accurate and up-to-date. For further details on how to enhance your existing data, please

contact the Matrix Client Services Team on 020 7074 1200 or email us at [email protected].


August 2016 - Matrix Solutions · Matrix Investment Intermediaries July 2016 ranking Number of ARs...

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