ValidPath is offering financial support to appointed representative (AR) firms transitioning to its network that face "golden handcuff" exit penalties. The IFA network said it had launched a funding "solution" to support established firms that wanted to leave their current network but felt "shackled" by exit terms that could have a negative effect on their business cash flows. It said these could include financial exit penalties, indemnity insurance (PII) run-off or withholding income. The ValidPath funding solution would apply to firms with recurring revenue and client policies th...
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