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Roundhouse in merger deal with Faulkner

London IFA Roundhouse Financial Services is merging with Faulkner

Associates as part of RFS&#39s plans to buy out brokerages.

RFS says it is targeting firms feeling squeezed out of the market by the

burden of increasing compliance and regulation.

It is in negotiations with a number of smaller IFAs and is expected to

make further announcements in the coming months.

The deal with Faulkner involves an equal share swap between the two

companies and brings the total number of RIs under the newly merged

operation to six.

The merged business will now offer both onshore and offshore investment

advice as well as self-employed and employee benefits.

The company expects to generate funds under management of £100m within

three years.

Roundhouse says the merger will allow it to remain competitive in the face

of the changes to the market brought about by stakeholder and regulation.

RFS consultant Mark Faulkner says: “The idea is to buy a few more

brokerages which are not able to keep up with the demands of compliance. We

want to offer these businesses an exit route.”


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