Big leap in IFAs seeking move to Europe to avoid passporting barriers

Advisers 'may like a new life in the sun like their clients'

Mark Battersby
clock • 2 min read

Specialist expat financial planner Blevins Franks is reporting that it is seeing a large increase in the number of UK IFAs enquiring about a move to Europe, spurred by passporting barriers post-Brexit.  

The London-headquartered firm's director of specialist expat financial advisers Jason Porter said: "UK IFAs may welcome the intellectual challenge of learning a new set of tax and estate planning rules in another country in order to serve their clients. "Plus they get a new life in the sun, just like their clients!". Qualified financial planners who used to be able to ‘passport' their services from Britain to the European Union (EU) cannot now automatically do so post-Brexit.  "That is unless they have an operational base with local authorisation in an EU state, or join a company t...

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