View more on these topics

40-strong adviser firm joins 2plan Wealth Management

Forty-strong adviser firm Source Financial Limited is to join national IFA 2plan Wealth Management.

The deal, 2plan’s first deal since its launch, brings its total number of IFAs to over 150.

The Source Financial business model is split 74 per cent investment, 20 per cent pensions with the remainder being split between protection and mortgage business.

2plan Wealth Management chief executive officer Chris Smallwood says: “We are very impressed with the professionalism and commitment which Source has shown both to its advisers and clients and with its enviable track record of success and profitable business growth, this announcement represents a very attractive and important step in our future expansion plans.”

Source Financial managing director Peter Trotman says the move comes after a number of negotiations with several adviser firms. He says: “2plan is one of the most progressive and exciting firms in the market place. This is a great opportunity for all of us at Source and we are delighted that 2plan has recognised us as an attractive partner, with all the right skills and people to share in their continued success.”

Recommended

Goodwin vandals warn of more banker attacks

The group claiming to have attacked the home of former RBS chief executive Sir Fred Goodwin has contacted local press in Scotland to warn of more attacks.

Furore as wrap chief says there are only 5,000 credible IFAs

Advisers have reacted angrily to Nucleus boss David Ferguson’s claim that only 5,000 of the 30,000 IFAs working in the sector can be deemed “credible”.Ferguson says this means that new players in the wrap market have a very limited audience because most of those “good” IFAs have already committed to a platform.He says: “There are […]

Euro body could set standards but no regulation role

The FSA supports the creation of a European regulatory coordinator to set standards of best practice but stops short of championing a pan-European regulator.The Turner review calls for an institution that is independent from the European Commission, to replace the existing level three banking, securities and insurance committees.The body would encompass both prudential and conduct […]

F&C makes positive addition to ethical market

F&C Fund ManagementEthical Bond FundType: OeicAim: To maximise returns through investment primarily in fixed interest securities of an ethically screened and diversified list of companies. To manage risk the fund aims to achieve a wide degree of diversification across the available issuers and the manager will adopt a rigorous credit management processMinimum investment: Lump sum […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment