View more on these topics

Whitechurch deal to train Pearl salesforce as IFAs

Whitechurch Network is offering members of the Pearl direct salesforce facing redundancy a new package to attract them to the network.

In response to the news of Pearl&#39s plans to axe its direct salesforce of 1,000, the Bristol network is setting up a special unit headed by managing director Ian McIver to train direct salespeople to become IFAs.

The network is also offering a monthly membership charge of £375 plus VAT for the first three months, rising to £460 plus VAT for the next nine months.

After the first year, normal fees, which are a percentage of turnover, will apply.

The unit aims to train new members through workshops which will include presentations by current Whitechurch members who set up from scratch and ex-Pearl consultants who are already members.

For those preferring to join an existing IFA, Whitechurch will pass on details of existing members who are looking to expand their businesses.

Whitechurch also plans to extend the offer to the Royal London direct salesforce although they have yet to contact the relevant Royal London senior managers.

Whitechurch chairman Kean Seager says: “Being made redundant is always a psychological blow but it should be viewed as a chance to make a new future. It is never easy to go the IFA route but a redundancy cheque provides the opportunity to make a change in your life and move forward.”


Product matters

Gartmore&#39s cautious managed fund is a good example of the type of fund that I expect to be widely used next year. The appetite for cautious funds is huge and there is a growing recognition among IFAs that ach-ieving a balance bet-ween equities and bonds is a significant part of giving best advice.Gartmore is making […]

Raymond James Investment Services launches online Sipp

Private client manager Raymond James Investment Services is launching an online Sipp administration service for IFAs and stockbrokers. Parent Raymond James runs £54bn of assets in wrap accounts in the US. The RJIS desktop tool offers manager of manager programmes, bespoke analysis and trading of third party funds and asset allocation. .

Hollands resigns from Bestinvest

Jason Hollands, deputy managing director of Best-invest and one of the highest-profile investment commentators in the UK, has resigned from the IFA to pursue other interests.He had been with the company for more than nine years, helping build its profile and elevating it to among the best-known IFAs in the market.One of Hollands&#39 more enduring […]

Time to split top jobs at the FSA say Tories

The announcement of FSA chairman Howard Davies&#39 resignation is an ideal time for a full-scale review of the regulator according to Conservative shadow chief secretary to the Treasury Howard Flight. It is essential the jobs of chairman and chief executive are split, says Flight, and a heavy-hitting chairman from the industry found to occupy the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm