T. Bailey is making a strong push in 2009 to offer third party investment and administration services to a number of IFA firms.
The boutique already acts at Authorised Corporate Director and administrator for Wise Investments and is planning to sign a contract with another IFA practice later this year. Talks are also in progress with seven other IFA firms for further link-ups. T.Bailey is expanding its capabilities to offer this kind of service by recruiting an analyst, fund accountant and an additional compliance specialist. It could also decide to hire more fund managers depending on the mandate, it says. Head of third party administration Helen Stevens says IFAs are increasingly looking to launch their own m...
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