City Assurance, an IFA firm with clients in London and the South East, has remodeled its private client division by turning its back on insurance companies and launching its own wrap.
The IFA says it is “fed up with the current inertia and complacency with much of the financial services industry” and “the traditional dominance of the insurance company products” and decided to strike out on its own. It wanted to improve its professional service to clients and as a result has re engineered its business structure and operation. After nearly two years of research and disciplined due diligence, the firm has launched the “City Wrap” which it believes will meet clients’ demands for more transparency in advice and costs. City Wrap is a white labeled version of the Tethys serv...
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