Regional centres to bring solicitors and IFAs together

Professional Adviser
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A database is being created with the purpose of bringing together local solicitors and IFAs to form ...

A database is being created with the purpose of bringing together local solicitors and IFAs to form joint ventures in the form of regional centres. Ian Muirhead, managing director of the Association of Solicitors for Independent Financial Advice, said: 'We have set up three already and expect to have 12 by the end of the year and 50 within two years.' Under proposals for depolarisation in the FSA's consultation paper 121, solicitors will only be able to refer clients to fee-based independent financial advisers, ruling out links with multi-tied advisers because of the Law Society's rules...

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