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Lamensdorf expansion continues as it buys Tokyo firm

Lamensdorf Group has acquired Tokyo-based IFA Ross Alexander

Intern-ational for an undisclosed sum as part of its international

expansion plans.

The purchase, announ-ced at PIMS, gives the IFA a presence in Japan, China

and Switzerlandunder the names Lamensdorf Japan and Lamensdorf Europe.

The move follows the purchase of Maddison Monetary Management earlier this

year and marks the group&#39s first steps to bec-ome an international advice

brand and a top 10 player in the UK IFA market. It says its international

operations will be run to UK compliance standards.

The group will continue to look for further international acquisitions to

swell its current total of 75 registered individuals, including Ross

Alexander&#39s 22 advisers.

Lamensdorf Intern-ational managing director Howard Williams said: “This is

a key element of the strategic expansion plans of our wealth management

business. Lam-ensdorf is aiming to acquire as many as five further

businesses before the end of the year.”


ECB leaves rate unchanged

The European Central Bank has decided to leave its core rate unchanged at 4.5 per cent, following the Bank of England&#39s decision to maintain its rate yesterday.Calls for a rate cut had been made following poor unemployment results in Germany, but the ECG showed restraint in light of rising inflation in Eurozone, which rose to […]

&#39Polarisation review spells big threat to IFA websites&#39

The polarisation review could threaten the presence of hundreds ofIFA websites across the UK, says My Money Adviser. MMA believes that product providers, fund management and pension groupswhich are collaborating on fund supermarkets are keener than ever to offerlow-cost multi-distributor products online direct to the public. The IFA website provider thinks the increased IT and […]

Autif says polar shifts will sink the discount brokers

Autif is predicting that discount brokers will be wiped out by changes topolarisation because they will not be able to sustain their niche marketposition. Chairing a polarisation debate at PIMS 2001 on the Oriana this week, Autifsaid that depolarising the market would almost certainly spell the end fordiscount brokers as they would lose their competitive […]

Firms link for 1% world

National IFA the Falcon Group is entering into a joint venture with rivalIFA Indepen-dent Financial Services in an effort to survive in the 1 percent world. The firms will maintain their independence and brands but will shareresources in areas such as marketing and technology. They will alsoco-operate and seek cost savings in back-office operations and […]

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]


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