Sovereign IFA buys up exiting peers

The company is reaching out to advisers and proposing to buy out their businesses. Vendor IFAs are offered the option to work with Sovereign in an advocacy role to help transition their former clients. "We are offering care for advisers‘ clients. Most IFAs, contrary to what the FSA thinks, do care about their clients having built relationships with them over many years," says James Marchant, IFA at Sovereign. "In many cases they do not want to sell to the person offering the largest cheque, but to a company who cares and will look after their clients in the future." He says Sove...