Lifeboard Financial Group chief executive officer David Kitchen says the company is 99% certain of w...
Lifeboard Financial Group chief executive officer David Kitchen says the company is 99% certain of wrapping up an acquisition deal by next week that could be announced by the New Year ahead of further moves to push the company into the group of 15-20 full-range distributors in the UK.
Next week's acquisition deal comes hot on the heels of a partnership deal announced earlier this week involving Domain Financial Network, which brings expertise in distributing mortgage products that will benefit Lifeboat's "roughly" 1,000 networked agents, Kitchen says.
"We are not going to spend time trying to do things that others do better. We would rather link up with experts like Domain. One of the benefits of the Domain deal is that we can cross-sell our services to their agents and vice-versa."
Kitchen says that the next two acquisition deals involve IFA firms but longer term Lifeboat wants to build up its general insurance, business services and legal services offerings to boost its one-stop-shop credentials.
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