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Lighthouse brings in new group rebranding

IFA brands RJ Temple and Berkeley Wodehouse will disappear this week as Lighthouse implements its group rebrand.

The new names will be Lighthouse Xpress – the appointed representative network which has 350 registered individuals, Lighthouse Temple – the national IFA with 150 RIs and Lighthouse Corporate – its partnership arm.

The group is launching a new IFA – Lighthouse Wealth – based at the City of London branch which will specialise in high-net-worth clients.

All four arms of the group now carry the Lighthouse brand name, giving it a stronger presence in the industry, says chief executive Malcolm Streatfield.

In 2002, Berkeley Wodehouse Associates saw a large number of the defunct Can- ada Life salesforce joining its team.

RJ Temple was forced to fold in July 2003, owing more than 1.5m to its creditors. The firm’s advisers were sold on to Lighthouse but its liabilities were passed back to the Financial Services Compensation Scheme in what is understood to have been a record burden on the compensation scheme.

Lighthouse bought collapsed IFA RJ Temple in 2003, acquiring 150 advisers and its client base of around 250,000, trading as appointed reps of the BWA network.

Streatfield says: “All four subsidiary brands will now lead with the Lighthouse name. This should give us much stronger brand recog-nition in the market. We gave members six months notice to wind down their stationery supplies and so on. It will now be business as usual.”

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