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Suffolk Life has noted the increase in advisers using multiple discretionary management firms on its SimSipp.

Rowanmoor says it is seeing an increasing demand for SSASs as advisers explore new options for small business owners.

RDR created "massive opportunities" for Mattioli Woods as it saw revenue increase by 14.3 per cent to £23.4m.

James Hay has seen revenue decrease from £18.7m in the first half of 2012 to £18.2m in the first half of 2013.

MC Trustees is concerned about the popularity of so-called esoteric investments and their impact on investors and Sipp providers.

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Suffolk Life reports increased adviser use of multiple DFMs