The Institute of Financial Planning will seek an alliance with Bankhall and IFA Portfolio after the merger of the support services giants is completed.
The professional body believes the merged organisation will offer it access to many IFAs likely to embrace the financial planning message.
IFP chief executive officer Nick Cann says "The Bankhall deal is a very interesting development. I have always been a fan of Bankhall. It provides support for people who are trying to do it the professional way. The kind of people who go in for support services are the kind who would go in for the institute."