Paul Stanfield, FEIFA chief executive, said Cazenove was currently predominantly UK-focused in terms of distribution, but through its burgeoning relationship with FEIFA, this was changing.
“Similar to one or two recent partnerships, the alliance with Cazenove Capital will allow a highly respected asset manager, with a predominantly UK- focused distribution, to obtain cost-effective pan-European IFA distribution. This, in turn, brings benefits to our members who can now easily and effectively assess and potentially utilise a number of top performing funds.”
Rob Thorpe, head of UK retail for Cazenove, said that demand had been increasing for Cazenove’s offshore funds in recent months, adding: “For sometime we have been looking at increasing the distribution of our funds via the offshore IFA marketplace and FEIFA has been helpful to us in determining our approach and strategy.
“We are therefore delighted to reciprocate this by becoming FEIFA associate members and look forward to supporting the federation and its member firms going forward.”
FEIFA recently “soft-closed” its partnership programme, according to Stanfield, due to the high number of product and service providers it had already attracted. However, he said exceptions would be made where members’ interests were served.
The federation was launched in August 2009. It has members in more than 20 European countries, as well as some that operate further afield. Member companies advise on more than €2bn of client assets, according to FEIFA estimates.
