A Newcastle-based financial planner has taken out a series of newspaper advertisements in a bid to attract the "abandoned" clients of Bluefin advisers previously working out of the IFA's now-closed Newcastle office.
Ian Lowes, managing director of Lowes Financial Management, said he has bought full-page adverts in the Newcastle Journal appealing to what he estimates is about 10,000 clients who may now find themselves without an adviser.
Axa-owned Bluefin Advisery Services closed its Newcastle wealth management office last month.
At the time it said the office's seven staff -comprising three financial planners and four support staff - would relocate to Harrogate to provide a more "joined-up" approach for clients.
But it is understood they have been placed in a consultation process and may lose their jobs.
Ian Lowes (pictured) said he is now looking to attract the clients who were dealing with Bluefin's Newcastle-based planners.
"We are welcoming Bluefin's clients," he said.
"From Bluefin's perspective, ideally it would like to keep them and look after the clients out of the Harrogate office, but I would be more than happy to take them on."
Bluefin said clients of advisers at the closed branch would be transferred to Harrogate-based planners.
Lowes also said he is set to take on two of Bluefin's Newcastle staff - a paraplanner and administrator - after a bid take on six employees failed.
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