The Federation of European Independent Financial Advisers (FEIFA) has announced a new partnership agreement with UK and international wrap service provider Platform One.
The new partnership agreement will cater for financial advisers, family offices and specialist product providers in the UK and across Europe, FEIFA said in a statement today.
“The environment for our members, and for international expat advisers generally, is obviously changing”, said FEIFA chief executive Paul Stanfield (pictured above). “We are increasingly working with our partner companies to help our adviser firms improve and, where applicable, transition their businesses for the new world that we now operate in, or certainly the one we will all have to adapt to in the relatively near future.”
Michael Fordham, managing director of Platform One, said that the move to become a FEIFA partner. will help to support the “transition of adviser businesses from commission to fee based where they wish to make that change”, and help firms that wish to have both a commission and fee-based capability”.
New EU markets
“Most importantly we want to support FEIFA as we think the adviser sector needs such a body and we would therefore like to help promote it more widely. We are planning to actively enter new EU markets, for example Ireland, and wish to stimulate further interest in FEIFA as we do this,” added Fordham.
Fee-based solutions, which are RDR compliant, are available from Platform One, as well as commission-based alternatives. The company is fully authorised and regulated by the FCA and passported throughout the member states of the EU, to provide its UK and International wrap services.
The relationship with FEIFA members will be managed by Rita Solanki, head of international business development at Platform One.
FEIFA is a non-profit trade association for English-speaking IFAs based or operating on the European mainland. It launched in August 2009 and now boasts well in excess of 40 member firms operating in around 30 European countries, advising on estimated cumulative assets in excess of €4bn.