Top tips: How to grow your business

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Brett Davidson, chief executive of FP Advance, looks at how small adviser firms can create scaleable businesses.

There is a lot of activity in the consolidation space at present, with the wagons starting to circle again after the temporary hiatus brought on by the credit crunch. The RDR is often cited as the reason for consolidation, with the consensus view emerging that small firms must consolidate or die. I don’t accept this. High-quality small firms with ambition can also look to scale the boutique business they create, but only if the right pre-conditions are established. The most important of these is that a ‘house’ way of doing business is created. It is no good having ten advisers, who all h...

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