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Kelland looks for 300 RIs to join franchise scheme

Bristol-based IFA firm Kelland & Partners is aiming to become a leading national IFA brand by recruiting firms to a new franchise scheme.

Kelland & Partners Franchise Management is hoping to recruit 300 RIs over the next three years to add to Kelland&#39s current salesforce of 60 and increase the firm&#39s turnover to £40m from £5m.

Kelland says it is targeting quality IFA firms with between 10 and 20 RIs to become part of the scheme and is keen to attract firms in areas such as East Anglia and the Midlands to add to initial franchises in Bristol, Cheltenham, Cirencester, Glasgow, Manchester, Hove and Hull.

It says the scheme is relevant for IFAs looking to retire and wanting an exit route and those who want to grow their firm with an equity injection from Kelland.

Franchise firms will be responsible for their compliance but can buy network services from Burns-Anderson&#39s Responsiv division, of which Kelland managing director Steve Kelland is chairman.

Kelland says the benefits of its scheme include the chance for IFAs to run their own local business but with national branding and marketing support, the chance to increase capital value and a profit sharing and share option programme.

Kelland says: “We are looking for quality IFAs as we would rather be profitable than just go for quick growth.”

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