Zurich Advice Network franchisee Thinc Group is to launch a fee-based IFA, a multi-tie operating under the Zan umbrella, a mortgage broker and a commercial lender as part of its depolarisation plans.
The London-based firm, which has 60 RIs spread across its five divisions, aims to grow to 500 by 2005. It is one of the first organisations to provide full details publicly of its proposition for a depolarised world.
The IFA arm, branded Independent Solutions, will offer fee-based advice to high-net-worth clients and a general practice advice service.
Its Zan franchise, Financial Solutions, will continue as an appointed representative of Zurich but with a view to becoming a multi-tie offering advice on a range of providers.
Thinc says it has a solid relationship with Zurich and plans to offer advice on the range of providers that the life office chooses for its multi-tie panel.
Its Mortgage Solutions division will offer loans from Zurich Mortgage Club's range on a white-labelled basis and will be registered separately with the Mortgage Code Compliance Board for sub-prime business.
The other two divisions, Commercial Solutions and Asset Solutions, are both lending operations for businesses.
Thinc Group director Gregg Taylor says: “Whether you want to be a fee-based IFA, a mortgage broker or a multi-tied adviser, we can offer you a position under a single growing brand.”
Zan media relations consultant James White says: “We believe the Zan proposition is already strong and have plans to ensure that it remains compelling as regulation changes in the marketplace.”
Berkeley Berry Birch chief executive Stephen Ingledew says: “You are going to see a number of models such as this emerging as we get closer to depolarisation.”