National IFA 2plan Wealth Management this afternoon expressed its "surprise" after learning talks over the transfer of 240 IFAs from Park Row had collapsed.
The company says, as far as it was aware, negotiation between the firms were "working well", adding it was even set to sign legal agreements at 1pm this afternoon. In a statement, 2plan chief executive Chris Smallwood says he suspects a board meeting at Royal Liver, which wants to offload the loss-making Park Row, may be behind the breakdown in talks. A Park Row statement issued earlier today said talks with 2plan had ended due to a failure to reach "satisfactory terms". The FSA was set to sanction the transfer. "We are clearly rather disappointed and surprised to read the press st...
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