FEIFA membership grows to 150
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The Federation of European Independent Financial Advisers has grown its membership to 150 IFAs across the EU.
The trade body launched in early August to cater for English-speaking IFAs working across mainland Europe, predominantly to expatriate clients.
FEIFA chief executive Paul Stanfield says the response from the IFA sector has already created a trade association “of real validity and importance”.
He says: “We received a significant response from the IFA community at the outset and this has led to an impressive speed of membership growth, less than six months since launch.
“We have had considerable interest from many other IFA operations, a number of whom have expressed an interest in joining early this year.”
Stanfield adds that there is continued attention being shown by international insurance companies and fund management groups.
He says: “Due to the positive response from the IFA sector, we have had to delay finalising our offering to such companies, many of whom have expressed an interest to be more actively involved with the Federation.
“We are now just starting to develop these relationships and expect that to be a major focus for us in the first quarter of this year.”
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