Feifa partners with asset manager for European ESG push

Members will get a discount on its 0.4% annual management charge

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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 ManagementUtmost Wealth and Prestige Funds.

The association recently said that membership had increased by 10% in January and February 2020.

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