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FEIFA signals slow-down in partnership programme as HSBC AM joins

27 Jun 11

FEIFA expects to slow the pace of linking to providers under its partnership programme

FEIFA expects to slow the pace of linking to providers under its partnership programme

CEO Paul Stanfield said after the addition of HSBC Global Asset Management this week – the 38th product or service provider to link to the organisation – it was likely “far fewer” new partners would join in future.

“[The] Partnership Programme has exceeded our expectations and already met most of our members’ needs,” said Stanfield.

“HSBC Global Asset Management, however, is ideally suited to add to those relationships and assist our member companies, particularly with regards to expertise in emerging markets.”

FEIFA was launched in August 2009 to represent the interests of English-speaking IFAs based or operating in Europe. Its membership operates in 24 European countries, and other parts of the world.

According to the organisation, some 350 individual advisers count themselves as members and collectively advise on more than €2bn of client assets.

Tags: FEIFA | HSBC

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.