European IFA trade body FEIFA (Federation of European IFAs) has passed the 50 members mark with the recent addition of three new financial advisory firms.
Global UK Life, Dagmar Parizkova and Altyx Financial Planning have all joined the ranks of the non-profit, pan-European trade body, FEIFA said in a statement.
FEIFA chief executive Paul Stanfield, pictured above, said that passing the milestone with the new additions shows “the importance of professional development services and representation in the environment that we all now operate in.”
Global UK Life is UK-based and FCA-regulated and headed up by Colin Cloy, often working with other advisers across Europe and beyond to assist with the protection needs of British expats. Dagmar is based in the Czech Republic and advises expats from the UK as well as local clients.
Altyx is owned and run by Bérangère Hassenforder. The firm operates in France and the UK and is also FCA-regulated.
Mergers and acquisitions
“Despite a number of mergers and acquisitions within our membership over the last couple of years, FEIFA now has more members than ever before,” Stanfield addedd. “We are very pleased by this progress, not least due to the fact that our new and existing members now see FEIFA as one of the main sources of assistance as they look to transition for the new, more heavily-regulated world that we all face. We hope and expect to grow further from this point.”
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.
The trade body also has partnerships with a wide range of companies, including all of the relevant European cross-border life assurance companies, major asset managers and the key international pension and trust companies.