National IFA 2Plan says major shareholder Standard Life will invest an extra £1.75m in the business before the end of the year.
Standard Life this week invested £750,000 but 2Plan chief executive Chris Smallwood says his firm is set to draw down two separate £500,000 sums over the coming weeks. It follows the acquisition of a 15% stake in 2Plan by Standard Life plus an initial £4m investment in 2007. It also comes just two months after the firm unveiled a new wealth management brand and growth strategy as part of a £2m investment aimed at doubling the company's size by Q3 2009. Smallwood says the latest cash injection will help fund the company's bid to attract 150 extra advisers by this time next year, and it...
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