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IFAs say merger makes sense

IFAs have welcomed the merger between Isis and F&C, saying it will create a strong group better able to leverage increased resources.
Hargreaves Lansdown says the move makes sense for Isis in particular, as he believes F&C has a much stronger brand. Chelsea Financial Services agrees but says it is a “shame” that Isis has spent so much money building its name only to see it scrapped within two years.
Bestinvest also believes the merger makes sense, saying it is two similarly-sized companies coming together to create a top five player in the UK market.
HL investment manager Ben Yearsley says: “It has come out of the blue but F&C has a much better known name. Isis has spent a lot of money but it makes better sense for it to adopt the stronger brand.”

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