The Association of Mortgage Intermediaries (AMI) is to establish itself as an independent organisation after nine years as part of the Association of IFAs (AIFA).
AIFA chairman John Gummer said AMI had grown significantly in recent years and was now in a position to "stand on its own two feet and be financially autonomous".
The changes will allow AIFA to focus solely on the interests of investment intermediaries, he added.
Robert Sinclair (pictured) will leave AIFA to head up the new AMI as director. Lord Deben remains chairman.
To 'future-proof advice firms'
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Three years at Wells Fargo
Effective from 9 December 2019
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