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Berkeley setting up corporate arm

Berkeley Berry Birch Group network and support services subsidiary Berkeley Independent Advisers is set to launch a corporate arm.

The move follows increa-sing interest from the network&#39s advisers who want to work in the SME and corporate marketplace.

BIA chief executive Richard Howells says the group is keen to work more in what he says is an important and underdeveloped market.

A number of big IFAs such as Hargreaves Lansdown have made significant inroads into the corporate sector in the last 12 months by offering specialist pension advice.

BIA&#39s move follows Lighthouse Group&#39s decision this month to launch a corporate benefits arm targeting the corporate pension market.

BIA will run training sessions for members which will include regular meetings to discuss financial planning strategies for SMEs and corporate clients.

Members will also get additional advice on developing IT software to help them with research, justification and post-advice documentation.

Howells says: “If the network can play a part in helping to create solutions for business owners while at the same time giving members a competitive advantage over other IFAs, this has to be one of our most rew-arding concepts to date.”

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