The addition of FPI, and structured investment specialist Aria, brings the total number of FEIFA ‘partners’ to nine. Others companies include fund manager Neptune Investment Management, TTT Moneycorp, a currency exchange services provider and fund distributor FMDL.
Paul Stanfield, FEIFA chief executive, “It is very pleasing that a company of such pedigree and magnitude [as FPI] has seen the benefits of what we are trying to achieve and supported us.”
Bob Pain, sales director for FPI, said his company would: “Work with [FEIFA] to help raise standards of advice across Europe and promote best practice among its network of members.”
FEIFA launched the partnership programme in March and Stanfield said the tally of nine companies was ahead of initial expectations, adding talks were progressing with other interested partners.
FEIFA’s membership is English-speaking IFAs operating in Europe. It was launched in May 2009.
