Financial Services Advice and Support (FSAS) co-founder Alistair Mackay will retire from the IFA network at the end of the year.
A Lighthouse subsidiary – FSAS was founded by Mackay, Andrew Snowball and Alan Pinkerton six years ago and has grown into one of the largest IFA groups operating principally out of Scotland.
Snowball, a Lighthouse executive director, will step down from the board to work alongside Pinkerton in the running of FSAS.
Lighthouse chairman David Hickey says Mackay has played a key role in FSAS’ success.
“While we will be sorry to lose him, the orderly transfer of his responsibilities over the rest of 2008, and his offer to remain available from time to time in the future, will mean that the benefit of his skill and experience will not be lost to the group,” he says.
“We believe that the FSAS offering is particularly attractive to the IFA market at this time in the economic cycle and are confident that Andrew and Alan will build a very substantial business.”IFAonline
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