Plan Invest's general advisory arm Plan Insure is entering a joint venture with Leek-based solicitor Bowcock & Pursaill to provide financial advice to its clients and the local community.
Based in the adjacent building to B&P, Plan Invest Financial Solutions will offer advice on pensions, mortgages, life insurance and investments to potential customers from the area, which has only a small number of IFAs.
The business will be staffed with eight existing Plan Invest RIs, who will work in the office on a rota basis.
Joint managing director Malcolm Mitchell says Plan Invest had been looking for a solicitor firm to tie up with for months but, until it came across B&P, it had struggled to find one of a suitable size.
The move follows Plan Invest's acquisition last week of the client bank of Llandudno IFA David Chamings.
Mitchell says: “This is something we looked at on numerous occasions but we had not found a firm that was suitable.
“We will give advice to B&P's clients but also within Leek generally, where there is only a small IFA community. It is not necessarily the last deal we make.”