View more on these topics

Massow makes IFA return with Falcon network

One of the UK&#39s best-known financial advisers Ivan Massow is returning to business as an IFA with the relaunch of his firm as Felix Financial.

The six-RI firm is operating from London offices as part of Bristol-based IFA network the Falcon Group.

Massow&#39s previous IFA business, Ivan Massow IFA, was part of South Wales network Interlink which collapsed in March.

Massow is retraining as an IFA after five years away from advising. He is taking exams and hopes to be working with clients again shortly.

Felix Financial does mortgage business but intends to shift emphasis to investment and look at other areas.

Half of the business has been tied to the Zurich Advice Network as Ivan Massow Consulting doing predominantly mortgage and protection business but this arrangement has been ended.

Massow says he is in private discussions with ZAN.

Massow merged his IFA business into Rainbow Finance in 2001 to form the Rainbow Group, a financial consultancy and IFA. But the firm collapsed within 12 months and was put into receivership. Massow has bought back the goodwill of the firm.

Massow Rainbow was declared in default by the Financial Services Compensation Scheme last week.

Massow says: “We cancelled our arrangement with ZAN and now we are speaking to them privately. I am going to be an adviser again after five years and work as a fully trained IFA for Felix Financial.”

Recommended

Bank of England raises base rate by 0.25 per cent

The Bank of England monetary policy committee today voted to raise the base rate by 0.25 per cent to 4.5 per cent. The MPC says that inflationary pressures are likely to continue building and that a rise of 0.25 per cent was necessary to keep inflation on track to meet the 2 per cent target […]

Inter-Alliance and Millfield merger is on again

Inter-Alliance and Millfield Group are likely to become a single entity within weeks after admitting they have reinitiated merger talks following the collapse of Inter-Alliance&#39s proposed merger deal with Berkeley Berry Birch. Inter-Alliance and Millfield told the Stock Exchange this week that discussions were making good progress, with both camps believed to be keen to […]

Talkback

“Absolutely. It would be great to have someone around to help us understand key issues, so we would know what is expected of us, know about deadlines and compliance – in plain English.”Eileen Hogg,Hogg Financial Services “Yes. It will give us more of an insight into how the regulator works.”Douglas Wilson,Douglas Wilson Financial Consultant “Yes […]

Fat chance

For those of you out there who thought IFAs were a healthy bunch of individuals – think again. The Diary has evidence to the contrary. At a recent health conference, Framlington kindly offered IFAs the chance to take a cholesterol test and came up with the worrying statistic that 28 per cent have cholesterol issues. […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment