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Interlink in associate deal as it looks to buy a network

Interlink Premier Network is offering an associate member support service

for directly regulated IFAs and is looking to acquire another network as

part of ambitious plans to expand and float.

The Cardiff-based IFA network, set up in 1986, hopes to increase its

number of registered individuals from 220 to 260 by the end of the year

through recruitment of full members, associate members and acquisitions or

mergers.

The service is intended for IFAs who want to buy services such as training

and compliance on an ad hoc basis rather than become a full network member.

Unlike full members, associates will not have to pay an annual

turnover-based fee and charges will vary according to the services used.

Interlink says it is in negotiation with a number of firms interested in

using the service.

It says it is confident of increasing its turnover from £16m to

£20m by the end of next April but to reach £30m, which it

believes is necessary to make floating on the Alternative Investment Market

achievable, it is looking at buying another network.

Executive business development manager Brian James says: “To reach the

critical mass to float, another option is merging with a network of a

similar size but organic growth and making an acquisition is the ideal.”

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