A professional association has been formed for IFAs, financial planners and wealth managers establishing their own Oeics.
The Investment Funds Association will bring together intermediary groups that, having developed their own funds, choose to outsource the investment management or establish a full discretionary service with their clients and manage the funds internally. Founder members include the IFAlliance, Anthony Harding & Partners Limited and the Fry Group. The IFA will share best practice, act as a lobby group and present a united voice to investment managers, life companies and the regulator. Andrew Perkins, chairman of the association and managing director of the IFAlliance said: "This is a new...
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