Millfield says it expects a significant proportion of its 1800 advisers to opt for multi-tie.
It also believes that the proposition will be extremely attractive to other advisers in the industry.
Millfield advisers will have the option of staying as IFAs, becoming multi-tie advisers, or taking a dual authorisation approach of multi-tie, with a whole of market option for clients who have more complex needs.
Millfield chief executive Paul Tebbutt says: “Now Millfield has a competitive offering for all the different advisory options, which will give us access to the different revenue streams in the depolarised world. Coupled with our significant scale and a growing brand, we
now have the opportunity to create a highly successful and profitable business.”