The Association of IFAs (AIFA) is seeking to build cross-country support with other European Union member states which have a growing IFA population.
It has commissioned European lobby organisation BIPAR, the European Federation of Insurance Intermediaries, to conduct research across the other 26 member states to find out which have established or growing markets in independent financial advice.
IFAs' business model is not widely replicated in other EU member states, where financial products are more commonly sold through advisers tied to banks and insurance companies.
The difference between the marketplaces has left the UK isolated when negotiating some points of European-wide regulation, such as MiFID II. For example, current draft MiFID II rules only ban IFAs receiving commission from product providers, compared to the FSA's total ban from 2013.
Jacqueline Thornton, policy analyst at AIFA, said the trade body is looking to find and build support across Europe where countries are beginning to embrace independent advice.
"The BIPAR research will investigate whether instances of independent advice in the EU are growing or not. Where it is, we would be looking to lobby these countries to help build support."
Elsewhere in the current MiFID II draft, if implemented it would ban platforms from issuing fees to discretionary fund managers (DFMs), which would have to come direct from clients.
Syed Kamall, member of the European Parliament for London, said he is "not impressed" with the European Commission's assessment of the impact of EU regulation on the UK, and has called for an independent review of proposals to only ban IFAs from receiving commission payments.
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