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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.”

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