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Commercial broking deal for &#39lonely&#39 IFAs

IFA support services company Turnbulls Group is offering a commercial bro-king service for small to medium-sized IFA firms.

The Evolution Commercial Finance service aims to offer advisers help with debt financing, leasing, trade finance and private equity arrangements for their clients.

Turnbulls, which was set up last September, is an umbrella organisation offering a range of financial services to IFAs. It is hoping to attract 300-400 franchisees across the UK and Europe.

Other services planned over the next 12 months include a mortgage service for high-net-worth clients, specialist legal advice, property, accounting and tax services.

Each business will be managed separately although Turnbulls&#39 directors say their aim is to sell the entire company for a hefty profit in three years.

It is also negotiating a deal with PI brokers, which it hopes to offer franchisees in coming months.

Chief executive Rohan Courtney says: “We are reaching out to lonely IFAs, particularly the one-man-band operations which are feeling disillusioned with their networks. They want to be master of their own destiny but with the clout of a big firm behind them.”


Goon but not forgotten

Paul Lothian(Money Marketing, December 12, 2002) is spot-on – some consumers will claim they were misled regarding low-cost endowment risks recommended by the Consumers&#39 Association rather than follow the original CA guidance to increase premiums.The FSA, far from encouraging honest intermediaries, supports cheating consumers.Its predecessors told me a decade ago that filling up endless reams […]

F&C raises prospects with 4% value boost

F&C is seeking to win business from disgruntled with-profits policyholders by raising the projected future share value of its with-prospects fund by 4 per cent of its net asset value.The “prospect” value of the fund, showing the minimum target for the fund price on its 10th anniversary – November 2011 – is being raised to […]

MediQuote and Swiss Life in group link-up

Online insurance portal Medi-Quote is teaming up with Swiss Life to offer a group protection comparative quotation system for IFAs.The portal will enable intermediaries to generate quotations for group life, group income protection and group critical illness.MediQuote says the portal will offer the products of at least three providers and it is in talks with […]

Independent view

As a mortgage endowment policyholder myself, I am puzzled by the media&#39s obsession with this story as I consider it to be hyped up and flawed.Clearly, mortgage endowments were enthusiastically oversold to millions of borrowers who believed such policies were a relatively safe way of repaying a mortgage and potentially producing a surplus at the […]

State of the markets: global growth

In conversation with journalist Alexis Xydias, Artemis Global Growth Fund manager Peter Saacke discusses the state of global markets and how he is positioning his fund. Peter gives his views on the growth potential of US, Europe and emerging markets, each of which is on a different stage of the road to recovery. And with a […]


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