More than 600 IFAs joined Allied Dunbar's franchise operation during last year and the group aims to...
More than 600 IFAs joined Allied Dunbar's franchise operation during last year and the group aims to recruit a further 750 financial advisers in 2000, writes Leo Bland.
Allied Dunbar has around 4,000 advisers in its franchise operation from which they sell Allied Dunbar products and Threadneedle funds.
About 700 financial advisers joined the group during 1999, of whom more than 600 were IFAs, with the remainder coming from other financial service company salesforces.
According to Allied Dunbar many of the IFAs who joined the group had come from networks but it declined to reveal which ones.
The group also said some IFAs in small practices who are not members of networks have joined, with many believing that the pressure of regulation on small IFA practices is becoming too intense.
New members of the Allied Dunbar franchise network need to buy into a franchise and work with Allied Dunbar on developing an individual business plan. The group also offers compliance support.
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