UK IFAs can make their businesses more attractive in times of consolidation by using Luxembourg-regulated funds, according to KMG Sicav-SIF.
After the Retail Distribution Review (RDR) proposed changes to the operation of IFA businesses in the UK, some commentators are anticipating an area of 'unprecedented consolidation' as many IFA owners are expected to retire or sell up. "By setting up their own funds, IFAs can create embedded value by increasing their renewable income and this will, in turn, enhance their position," said Kevin Mudd, founder and director of KMG Sicav-SIF. He believes planning ahead is vital to increase the value of an IFA's business by taking more control of 'funds under influence' and making them 'funds ...
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