The relationship with FEIFA members will be managed by Steve Whyburd, La Mondiale’s London-based representative.
The partnership deal will enable FEIFA’s member companies to become more easily familiar with La Mondiale Europartner, and its products, and to readily access "a regular flow of professional development and training services/facilities", according to FEIFA chief executive Paul Stanfield.
For La Mondiale, the arrangement makes accessing and communicating with potential advisory clients "scattered over several countries" easier, Whyburd said.
La Mondiale Europartner operates in several EU countries including France, Italy, Portugal, Spain, Belgium and the UK, which happen to be countries in which FEIFA has members.
Europe also happens to be a region in which the number of regulatorily-compliant international life products available to investors has been declining, Stanfield noted.
Many of La Mondiale Europartner’s clients are European private banks, whose high net worth clients favour its single premium bonds; another speciality, Stanfield said, are its multi-currency, protected-capital funds. It also offers advisers expertise in administering bespoke discretionary investment portfolios.
“[La Mondiale Europartner is] better known in the French and Italian-speaking markets,” Stanfield added.
“This is therefore a very relevant and exciting affiliation for our member companies.”
The Federation of European Independent Financial Advisers is a non-profit trade association for English-speaking IFAs based or operating on the European mainland. Its member companies are active across more than 25 European countries.
Other companies with which FEIFA has associations include Aberdeen Asset Management, Brooks Macdonald Asset Management, Schroders, SEB Life, Skandia International and Henderson Global Investors.
