Park Row begins wind-down

Scott Sinclair
clock

All national IFA Park Row's 240 advisers have now left the company, which has begun its planned solvent wind-down.

The Royal Liver-owned company shut to new business at 5pm on 13 November but a team has remained to oversee the wind-down process. Plans for a bulk transfer of the firm's 240 advisers to 2Plan Wealth Management fell through at the eleventh hour last month, so only a handful have now joined the up-and-coming national adviser. A spokesman for Park Row say the "lion's share" of advisers have joined Personal Touch Financial Services, with others going to Tenet, Positive Solutions and their "local brokerages". The future of Park Row has been the subject of speculation for months. Royal ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Octopus Money: Why a Seccl-backed platform integration is for us

Octopus Money: Why a Seccl-backed platform integration is for us

'Technology and compliance acts as an anchor in the industry'

Sahar Nazir
clock 18 April 2024 • 1 min read
AJ Bell platform hits £80.3bn AUA as advised customers increase

AJ Bell platform hits £80.3bn AUA as advised customers increase

The firm recorded total advised customers of 165,000

Cristian Angeloni
clock 18 April 2024 • 2 min read
Women in Financial Advice Awards 2024: Two weeks to nominate!

Women in Financial Advice Awards 2024: Two weeks to nominate!

Awards ceremony on 6 November at London’s Marriott Grosvenor Square

Professional Adviser
clock 18 April 2024 • 1 min read