Below are details of FEIFA member firms who can assist EU advisers with clients in the UK, listed alphabetically.
Network: the UK company has a formal network structure in place. This will tend to be an appropriate approach where the number of clients and/or their value to the EU firm makes a long-term solution appealing or a necessity. It may also be relevant where the EU firm wishes to expand its operation within the UK.
Umbrella: the UK company can provide a regulatory licence to the EU adviser/advisory firm, the latter effectively operating as an AR of the UK firm. Once again, this will tend to be an appropriate approach where the number of clients and/or their value to the EU firm makes a long-term solution appropriate. As above, it may also be relevant where the EU firm wishes to expand its operation within the UK.
B2B: the UK firm and the EU company agree a relationship to manage the clients financial affairs. In essence, the UK adviser officially provides the advice to the client but the EU firm is “overseeing it” on a B2B basis. This is likely to be an appropriate approach where there are only a few clients concerned and the objective is for the UK advisory firm to eventually fully take over the relationship with those clients within a pre-planned timescale. In the meantime, it provides some continuity and comfort for the client.