Intrinsic loses large IFA firm

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Caerus has seen its largest IFA firm leave a year after it was snapped up by Intrinsic.

At a turnover of £6m, IFA partnership Continuum was the largest advice firm, by turnover, authorised through the Caerus network, which was taken over by Intrinsic in June last year.

As part of the deal Caerus became a wholly-owned subsidiary of the Quilter-owned network, with its advisers becoming restricted and using the Intrinsic advice process over a phased transition on a firm by firm basis.

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