Threesixty has assured IFA clients its independent status will not be affected by Standard Life taking a minority stake in the business.
In a note to clients, threesixty said: “We pride ourselves on providing impartial guidance to our clients, whether that is the most appropriate back office system, research software, wrap or range of products and services.”
Standard Life is the first provider to invest in the firm which was launched in 2003. David Brattesani, partner at threesixty, commented: “We have always had a good relationship with Standard Life and the fit between the companies is good. They are pro independence and share our values.
“The extra investment will be used to generally enhance services including compliance, technical support and IT development. We can also benefit from Standard Life’s technology and marketing expertise.”
He said historically, the firm had a strong relationship with many providers who would recommend it to IFAs. He said he did not envisage this changing as a result of Standard Life taking a stake.
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£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards