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New IFA firm to focus on wealthy clients

Corporate Planning Group, an IFA targeting wealthy people and business owners, launches this week.

Set up with £2.8m of private capital, the company intends to offer a complete financial planning service by combining 10 companies under the Corporate Planning Group brand.

The 10 firms are an IFA, a venture capitalist, a business consultancy, a Guernsey-based offshore IFA, online advice, a joint venture specialist, a portfolio manager, a valuation company, an employee benefits consultancy and a mergers and acquisitions adviser.

The group is being rolled out by chief executive David Tuson, who has run a smaller version of the firm on a regional basis from Dorset for 20 years.

Tuson, who was on Inter-Alliance&#39s board when it floated on the Alternative Investment Market in 1998, intends to establish 18 Corporate Planning offices and increase its consultants from six to 200 in three years by employing IFAs and other professions. CGP plans to float on Aim this year and get full Stock Exchange listing within three years.

Former Prudential sales director (appointed representatives division) Chris Robinson joins as group managing director and former Nikko Europe managing director of investment banking Nicholas Morant is chairman.

Tuson says: “We have no competitors as we are advicenot product-based.

While many financial advisers pay lip service to the corporate market, most do no more than promote pensions and life insurance products.”

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