Lighthouse Group - On track for full year expectations
First half results from Lighthouse indicate that it is on track to meet market expectations for the full year, while the strength of its business providing financial advice to members of affinity partners was underlined by its success in renewing all eight of the contracts that have come up for renewal this year. This now accounts for 19% of group revenue and there is good scope to increase penetration in this area. Part of the c £5m of cash the group has available for investment is likely to be allocated here.Lighthouse Group provides financial advice to customers and regulatory authorization to financial advisers, and investment propositions to its customers through third-party investment managers. Co. has three segments: Lighthouse Financial Advice, which is a national advisory business providing financial advice and solutions to the market area termed Middle Britain, and holds contractual arrangements as the preferred provider of financial advice to the members of affinity groups; Wealth management, which comprises advisers within LighthouseCarrwood Limited and LighthouseWealth Limited; and Lighthouse Advisory Services Limited, which is an authorized network of self-employed adviser.
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