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Amex links up with Group 300 network

American Express Financial Services Europe is entering into a strategic partnership with IFA network Group 300 in the second major deal AEFS has struck in a month.

The firms have signed a letter of intent on an agreement that will see Group 300 integrate its business with AEFS&#39s wrap account, which launched in March with five wealth managers. Group 300, which comprises IFA Network 300 and online financial advice platform Adviser 300, plans to leverage the wrap before going on to work closely with AEFS to develop additional services aimed at helping advisers forge closer relations with affluent clients.

The move comes only weeks after AEFS announced it was entering the second stage of its wrap rollout by entering into a partnership with multi-distribution platform Thinc. The Group 300 agreement is the second such partnership deal, with a third expected to be announced in the near future.

AEFS now has wrap tie-ups with seven firms, including M2 Financial, Genesis, JBW Associates, Magus and Private Wealth Management. The wrap offers straight-through processing, real-time valuations and a variety of asset classes and tax-efficient wrappers.

AEFS chief executive Ivan Schouker says: “With its online IFA business, Adviser 300 and its quality expanding network, Group 300 operates a forward thinking and attractive distribution model, one that complements our business perfectly.”

Group 300 chief executive Chris Batten says: “It became clear during our discussions that we share many of the same values and that with the mix of customer service and innovation from both businesses together we can provide an excellent service to our advisers and their clients.”


Lincoln Financial Group – Lincoln Manager of Managers Investment Bond

Type: Unit-linked bond Aim: Growth by investing in a range of 22 investment funds Minimum investment: Lump sum £5,000 Fund links: Choice of 22 funds from Castlemere Property Group, Delaware International Advisers, Framlington Investment Management, Goldman Sachs Asset Management, Investment Manager Selection, Invesco Perpetual, Jupiter Asset management, Lincoln, Schroders Allocation rates: £5,000-£9,999 &#45 101.5%, £10,000-£24,999 […]

Lincoln manages the managers

Lincoln Financial Group has established the multi-manager investment bond, a unit-linked bond providing access to 22 funds from 10 fund managers. The bond has a minimum investment if £5,000 and allows IFAs to tailor their clients&#39 portfolios to different risk and return profiles while ensuring diversification across managers such as Framlington, Jupiter, Invesco Perpetual and […]

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Protected release deal from Rock

Northern Rock is offering a protected equity-release mortgage and is updating its equity-release product range. The protected loan offers a lump sum up to half of the property value and the option of protecting up to 50 per cent of the eventual property sale value. It is available at a fixed rate starting at 6.99 […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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