Mazars’ two brands – Mazars Financial Services and Russell Financial Services – are to be merged under the single brand of Mazars Financial Planning.The firm says it will expand its national IFA operation over the next 12 months and increase its total of registered individual numbers from 20 to more than 25 by the end of this year. The company has 18 offices throughout the UK and also plans to recruit financial planners, paraplanners, admin staff and specialist fund and research analysts, with the intention of growing its total staff to over 45 by the end of the year. Mazars has switched from commission to a solely fee-based model. Its clients include international corporate groups, owner-managed busin- esses and private individuals. Chief executive Paul Willans says the merger and name change aims to reflect inclusive and professional provision of private and corporate advice. He adds that the firm is working with the Institute of Financial Planning and the Chartered Insurance Institute to establish a minimum qualification benchmark of full Advanced Financial Plannining Centificate and CFP status for all its advisory and paraplanning staff. Willans says: “The new depolarisation regime and, in particular, the obligation on independent advisers to offer a genuine fee alternative to paying for services by comm- ission, will steadily raise awareness among prospective clients of the advantage of objective, fee-based advice.”
Tenet is waiving the 200 a month charge for members to join its training academy in a promotional offer to draw in new advisers. The network group says its training regime allows existing IFA firms to conduct new entrants training “on the job” without placing a financial burden on the firm. Sales and marketing director […]
The Exchange has been selected by Classic Network Solutions to support its mortgage advisers in the sale of protection products.Classic currently has 50 advisers but expects this number to double in the next six months through expansion.Classic managing director Tony Corrigan says: “We have chosen The Exchange because they provide the highest quality IT solution […]
Gartmore says it is considering flotation but has played down rumours that a move is imminent. US insurer Nationwide bought Gartmore from NatWest in 2000 and is believed to be looking for an exit to realise its 1bn investment.
I remember watching George Best play at Patrick Thistle in a testimonial for Thistle stalwart Donnie Mackinnon.
The Pensions and Benefits UK Conference takes place this week, where Jelf will have a stand.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
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