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Bankhall sets up IFA business marketplace

Bankhall has launched an online marketplace for buyers and sellers of IFA businesses as part of a package to support advisers through the RDR transition.

IFA Exchange will include exit strategy and acquisition guidance for the advice sector. The package, Prepare for 2013, includes business support for firms to make the transition to a new business model by 2013.

It also offers support on qualifications, including training courses, discounted study materials and an online library, including personal development plans, past papers and exam hints and tips.

Bankhall managing director David Golder is urging advisers to start the transition now despite the uncertainty over the FSA’s future. He says: “The RDR is clearly giving firms a directive to change but it should be their ambition and vision that really gives them the impetus to develop commercial practices that are fit for the future.”

Dunham Financial Services director Rebecca Taylor says any assistance for advice companies in the lead-up to the RDR will be helpful, even though Tory plans to scrap the FSA have put a question mark over whether it will ever come into force. She adds: “It would be irresponsible to bury your head in the sand and not do anything to prepare for the RDR.”

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Comments

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  1. Well Done Bankhall
    I am very sure that this will be a very welcome move for the Financial Services Industry. There is a lot of good news out there and often this is buried by the ‘pinks’ and the Regulator.

    The RDR is probably coming and this will be an ideal to time to review and adapt or of course die.

    Richard Smith
    IFA and Marketing Specialist
    http://www.theinternetconsultancy.com

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