Lighthouse Group posts loss as adviser numbers fall
25th Sep 2013 13:44
Lighthouse Group's average revenue per adviser rose as the financial advisory firm took advantage of new regulations under the Retail Distribution Review (RDR). The RDR, new rules under which clients receive financial advice, sets out requirements for charges to clients and outlines the need for a
Read moreSmall caps round-up: Lighthouse, Verona Pharma, Manroy...
9th Jul 2012 10:25
Shares in Lighthouse Group, the financial advice and wealth management group, plunged on Monday after the company proposed to cancel its listing on AIM. The group must receive approval from shareholders representing at least three-quarters of the company's shares for the cancellation to be approved.
Read moreSmall caps round-up: Lighthouse Financial, Newmark, Escher
14th Jun 2012 15:46
Lighthouse Financial Advice has signed a three year exclusive contract to provide financial planning advice to members of British Airways Clubs. This adds another major organisation to LFA's affinity partners, consisting of major employee organisations. Lighthouse will offer its affinity partners a
Read moreLoaded Lighthouse doubles profit
20th Sep 2010 11:15
IFA network Lighthouse did a little better than expected during the first half, more than doubling profit, which allowed it to up the dividend by 20%. Profit before tax grew to £117,000 in the six months ended 30 June from £56,000 a year ago on revenue up 11% to £32.6m, reflecting "greater investor
Read moreSmall Caps round-up: Mattioli Woods, Lighthouse, Maple Energy, First Artist
10th Aug 2010 16:20
Lighthouse Group is selling its pension administration business to pension specialist Mattioli Woods for £1.85m. The book gain on the disposal is £1.2m. There should be a net cash inflow to the AIM-quoted IFA of £1.6m. The businesses made a small loss on revenues of £786,000 in 2009. The total ass
Read moreLighthouse: LighthouseTemple Pact With UNISON
19th Jul 2010 07:51
LONDON (Dow Jones)--Lighthouse Group PLC (LGT.LN), a company which provides financial advice to personal and corporate clients said Monday that its National subsidiary, LighthouseTemple, has been appointed by UNISON, Britain's largest public sector trade union, to supply financial advice to all of t
Read moreFSA outlaws commission charges
26th Mar 2010 16:41
A radical overhaul of the sale of financial products in the UK is on the way after the FSA confirmed it will press ahead with its plan to remove commission-based advice. From 2012, firms will not be able to accept commission in return for recommending specific products, the FSA said. Instead, custo
Read moreLighthouse recovery continues
22nd Mar 2010 07:57
IFA and pension specialist Lighthouse Group traded profitably throughout last year and has seen an improvement in business during the second half continue into 2010. The group made a profit of £93,000 compared with a loss of £8.5m in 2008, and earnings before interest, tax and amortisation (EBITDA)
Read moreLighthouse thinks future's bright
21st Sep 2009 09:22
IFA and pension specialist Lighthouse Group managed to stay profitable in the first half of 2009 and thinks IFA revenues have bottomed out and may be improving. Pre-tax profit for the six months ended 30 June fell to £56,000 from £442,000 a year earlier, which was blamed on a charge on intangible
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