Positive Solutions raised concerns with three clients about the advice to invest in Harlequin Property in 2010 after deeming the Caribbean property scheme to be too risky for a pension.
Aegon-owned distribution arms Positive Solutions and Origen have posted a combined loss of £1.7m in 2013 Q1 results released today.
Firms who advised on investments in the failed CF Arch Cru Investment and Diversified funds have been contacting clients asking them if they want a review of the advice ahead of yesterday's deadline to identify investors eligible for redress.
Positive Solutions, the UK's largest national independent financial advice firm, has made LifeQuote, a protection platform, available to its advisers.
Adviser firm Positive Solutions has linked up with LifeQuote aiming to support advisers post-Retail Distribution Review (RDR).
Positive Solutions has reported profits before tax of £2.3m for last year, wiping out a £0.4m loss in 2011, as it strives to offer a "John Lewis level" of customer service to its advisers.
The scale of financial adviser exits from the industry - largely as a result of changes brought in following the Retail Distribution Review (RDR) - has been underlined by figures suggesting there are some 4,600 fewer advisers today than there were in...
Aegon distribution arms Positive Solutions and Origen pared back losses last year to end the period down £2m, an improvement from £6m losses in 2011, due mainly to cost savings.
Aegon-owned Positive Solutions has said it will be ramping up its recruitment drive in 2013 for both its national IFA and network.
Positive Solutions has made two new appointments to its board of directors in the latest of a series of moves at the company.