The deal gives FEIFA members the opportunity to offer their clients the discretionary asset management service, a service which has, until now, only been offered to very few retail investors outside the UK.
Rob Walker, director of private clients at Jupiter, said the deal will help the company tap into a market it is keen to access.
“We have been closely following the trend of UK high net worth investors relocating to Europe,” said Walker.
“Their financial and tax planning requirements become significantly more complex as a result, requiring specialist advice from locally-based advisers. It is these advisers that we would like to identify and work closely with to provide a discretionary fund management service to their clients. This is something we are doing successfully in the UK and we believe that sponsoring FEIFA is an excellent way of achieving the high quality introductions we are looking for.”
In addition, FEIFA chief executive, Paul Stanfield, said IFA company, Fund Advisers Europe had become the latest member of the organisation. FEIFA now represents 26 IFA companies, with more than 300 advisers cumulatively.
