The Federation of European IFAs (FEIFA) has reported a sharp rise in membership growth in the first three months of 2018.
EWMT Insurance Advisers and Agents Ltd, Mansion House Capital (MHC), EFPWAY and Cimpel and Partners are the latest companies to join FEIFA.
EWMT is based in Cyprus and headed up by St.John Coombes, who is also Chairman of CIFSA (Cyprus International Financial Services Association).
UK-based MHC is run by David Stone and has clients in mainland Europe as well as its home country.
EFPWAY and Cimpel & Partners are both based in the Czech Republic and headed up by Michal Srubar and Jiri Cimpel respectively.
“As I stated earlier in 2018, I believe that this is an indication of the increasingly relevant benefits that we provide to advisers and advisory firms,” FEIFA CEO Paul Stanfield commented. “In particular it shows the importance of both professional development services and representation in the increasingly-regulated environment that we all now operate in.”
“FEIFA has effectively grown year-on-year since launch way back in 2009 – and we have once again grown our membership to an all-time high with these new firms,” Stanfield confirmed. “Our members, new and existing, see FEIFA as a major source of support as they look to transition for the new, more heavily-regulated world. We hope to be able to assist other business similarly, as time progresses.”
FEIFA member companies are English-speaking advisory businesses and advisers, active across Europe and advising on cumulative assets in excess of €5bn. The federation is a non-profit trade association and its membership operates in around 30 European countries as well as, in some cases, other regions of the world.