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Ex-Burns Anderson chiefs join Berkeley

Devon-based IFA network Berkeley Wodehouse Asso ciates has pulled off a coup with the rec ruitment of two former top directors of rival network Burns Anderson.

They are former chief executive Philip Whitehead who retired from Burns Anderson in 1998. He will become chairman of Ber keley. Former associate commercial dir ector Mal colm Streatfield will become Berkeley chief executive.

Whitehead and Streat field worked together at Burns Anderson for five years. Whitehead spearheaded the network thr ough financial difficulties and the pension review without any fines or disciplinary action.

Whitehead reques ted the app ointment of Streat field at the network.

Streatfield approached Whitehead to end his ret irement and join Ber keley. The network has more than 220 members.

Streatfield believes IFAs still have a tremendous opportunity in the advice arena despite the current climate of uncertainty.

He says the IFA sector will continue to fragment but that careful regulation and compliance will determine success.

He says: “There is going to be fallout among IFAs in the next five to 10 years. The winners will be those who embed the compliance and regulatory requirements within their daily business practices while delivering a personal and professional service.

The future is bright for IFAs so long as they know how to take advantage of this growing and exciting market environment.”

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