The Association of Independent Financial Advisers has announced plans to be fully operational by 1 October.
The new association, which aims to become a unified body for all IFAs, begin work on 1 July under an executive committee chaired by Lord Hunt of Wirral.
Financial services consultant Richard Knox-Johnston has been appointed project manager.
Lord Hunt says: "A number of organisations currently make representations on behalf of the sector but no one body represents all those involved in independent financial advice. The establishment of AIFA marks an important step forward in this process."
AIFA is keen to work with existing industry bodies and recognises the special issues facing small IFAs.