The Federation of European IFAs (Feifa) has had seven companies join the trade association in January and February.
This a growth in excess of 10%.
Some five of the new members are based in mainland Europe: 3D Global, Abbey Wealth, Expat Wealth Advice, Collegas, and ATI Associates (Cyprus).
The other two, Pension Advice Specialists and 4 The Record Compliance (trading as Money Honey), are both UK-based.
Reasons
The federation puts this growth down to a number of factors.
Feifa chief executive Paul Stanfield said: “Continuous professional development (CPD) has become a formalised regulatory requirement, following the commencement of Mifid [Markets in Financial Instruments Directive] II and the IDD [Insurance Distribution Directive].”
“This seems to have led to our professional development and training services being even more sought after.
“In addition, further Brexit uncertainty and the likely difficulties that will result have made the assistance that we can provide to our members increasingly relevant and beneficial to them and to prospective member firms.
“These two aspects, along with the rest of the benefits that we deliver, appear to be creating increasing engagement in the advisory sector.”
