Members of the Association of Professional Financial Advisers' voted unanimously to merge with the Wealth Management Association (WMA) at an extraordinary general meeting held on Tuesday.
The two bodies are set to create the Investment Management & Financial Advice Association (IMFA) from 1 June, which would represent 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. Details of the proposed merger first emerged earlier this month, with both of the associations' boards proposing the deal to their respective members. The new body is expected to be financially positive on a standalone basis by the end of its first year and wi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
