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Johnstone Douglas offshoot to target affinity groups

IFA Johnstone Douglas plans to expand by cornering anew market for advice

to affinity groups.

It is forming a subsidiary company to focus on marketing personal

financial planning to affinity groups in the public and private sectors.

The firm, which has offices in Croydon and Birmingham, says there is a

need for financial advice and expansion into this market should prove

profitable. It is looking to use the internet and face-to-face sales.

Richard Campbell has been appointed managing director of the new company.

Campbell, 46, was formerly group director of life & financial planning at

Liverpool Victoria Friendly Society.

The business development director will be Chris Dragunas, who has joined

from Frizzell where she was regional development manager.

Johnstone Douglas managing director Nigel Chambers says: “We will be

talking to people who are retiring or who have been made redundant. There

is undoubtedly a real need for personal financial planning services for

affinity groups in both the private and thepublic sectors and we are exc-

ited by the growth prospects for this initiative.”

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