The Federation of European Independent Financial Advisers (FEIFA) has announced a partnership with Utmost Wealth Solutions, the second largest international life insurer in Europe.
The relationship with FEIFA members will be managed by James Clark, head of Expatriate Sales (Europe) at Utmost.
"Utmost is now the second largest international life insurer in Europe with assets under administration of c £30bn and 140,000 policyholders," Clark said.
We are very pleased to affiliate with Utmost and to hear of its plans for product development in Europe"
"Our aim is to support clients and their advisers to achieve their objectives in this changing market, through solutions that provide long-term certainty and work across jurisdictions. We are delighted to be welcomed as a FEIFA partner company and look forward to working with the organisation to share knowledge and insights, listen and react to member feedback, and work on joint initiatives and events for the benefit of the wider industry," he added.
FEIFA CEO Paul Stanfield stated: "We are very pleased to affiliate with Utmost and to hear of its plans for product development in Europe. We look forward to working with James and his team to help make such progress possible and effective."
Utmost Wealth Solutions - with core operations in the Isle of Man, Ireland and Guernsey and offices around the globe - was initially formed by the acquisition of AXA Isle of Man and Aviva International in 2016, followed by Generali PanEurope in 2018 and Generali Worldwide in February 2019. Each entity operates under the Utmost Wealth Solutions brand and the businesses have a track record in the wealth planning industry, being established in the 1990's.
FEIFA member companies are English-speaking advisory businesses, active across Europe and advising on cumulative assets in excess of €6bn. The Federation is a non-profit trade association and has partnerships with a wide range of companies, including all of the relevant international life companies, major asset managers, and key international pension and trust companies.