New IFA consolidator outlines 80% trail masterplan

Using unique auditing software, Succession Advisory Services will be able to identify where it can add a trail charge to non-profitable business but still save the client money by switching certain assets onto a platform. The firm, which launched in May, was officially unveiled last week and plans to "engage" with 85 IFA firms, bringing together more than £7bn funds under management. "Some of these companies will have only 20% trail commission when we walk in the door," Chamberlain says. "It will be 80% when we're finished." Chamberlain says firms that join Succession will undergo ...