2Plan and Royal Liver close to agreeing Park Row deal

Helen Pow
2Plan Wealth Management has confirmed it is close to finalising a deal to take on Park Row's 240 advisers in a bulk transfer.

Money Marketing first revealed the firms were in talks last week.

It is understood they are still waiting for the FSA to approve the transfer after meeting with the regulator to discuss the mechanics of such a move on Tuesday last week.

2Plan has around 180 advisers but that could rise to 420 if the deal goes through, although Park Row advisers would not be obliged to move to the firm.

2Plan says advisers choosing to move would do so within a matter of weeks.

A spokeswoman says: "2plan Wealth Management is close to finalising an agreement with Royal Liver’s Park Row Associates subsidiary, subject to regulatory confirmation.

"The deal will result in those advisers moving to 2plan Wealth Management, doing so within a matter of weeks."

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