The Federation of European IFAs (Feifa) has entered into a partnership with investment firm Tam Asset Management.
The relationship with Feifa will be headed up by Spain-based Tom Worthington, who works as international relations at Tam.
Tam has dealt with the Brexit conundrum by forming a fully-regulated DFM in Spain, which is passported pan-Europe.
The firm offers a 0.4% annual management charge (AMC) to the general market, which will be decreased even further for Feifa members.
ESG offering
Paul Stanfield, Feifa chief executive, said: “We see this as another excellent and complimentary affiliation, for our members, not least given Tam’s expertise in the area of ESG investing.
“Having agreed a reduced AMC with Tam on its ESG offering, we also feel that we are further assisting our advisers and, ultimately, their clients.”
Lester Petch, Tam chief executive, added: “We think we can support a new style and value approach which is gaining some traction across Europe. Our relationship with Feifa will ratchet this up considerably.
“With Feifa, we are keen to highlight our long-term ESG investment offering in Europe.
“We believe ESG investing is the new normal, intensified by covid-19. It is mainstream in the UK and will take on a more prominent footing in Europe.”
Expansion
This is the fifth partnership that Feifa has entered into since January 2020, including Canaccord Genuity Wealth Management UK, Guernsey-based Dominion Fund Management, Utmost Wealth and Prestige Funds.
The association recently said that membership had increased by 10% in January and February 2020.
