Approximately 100 advisers will be forced to seek new network authorisation as Harwood Wealth Management puts its network services arm into voluntary administration.
As of Monday 23 November, Wolverhampton-based Network Direct Limited has been forced into administration, causing potential disruption for advisers, staff and clients.
The deal was worth up to 4bn.
Adviser Services Holdings Limited the new private company set up by advice market veterans that also recently took over the Sense network has acquired the future trade of Network Direct to provide a solution for advisers, staff and clients.
The firm said it …
Read the full article at: https://www.moneymarketing.co.uk/news/harwood-wealth-puts-network-into-voluntary-administration/
