The Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) are set to merge to create the Investment Management & Financial Advice Association (IMFA), with effect from 1 June.
The merger, which is subject to approval by the members of both organisations, would create a joined-up representative body for advice firms that would be led by current WMA CEO Liz Field (pictured). APFA welcomes plans for consolidated guidance body The combined IMFA membership would represent UK firms offering a range of financial solutions, including investment advice and portfolio management, as well as investment and execution services, financial planning and advice for private clients. Both trade associations' boards have recommended the proposed merger to members in the bel...
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