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FEIFA membership grows 10% in December

FEIFA membership grew 10% in December with addition of three IFA firms

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The companies are UK-based IFA Countrywide Estate Planning, Highfield Financial Management, which has offices in Switzerland, Spain, Cyprus and London, and Caratfin Insurance Advisers, also based in Cyprus. Membership now stands at 340 individual advisers.

The federation has also added a new partner company in the shape of the UK’s Marlborough Fund Managers.

Paul Stanfield, FEIFA chief executive, said the addition of Countrywide as a member highlighted a potential area of growth in the form of UK-based IFAs looking to increase their expertise in servicing expats on the continent.

“Countrywide hopes to utilise its FEIFA membership to further improve the service it provides to its clients based on or moving to the Continent, often looking to liaise with other member companies to ensure the best outcome for those clients.

“In addition, it is able to offer significant expertise to existing members with regards to taxation planning for their clients who are UK resident and or domiciled.”

He added UK tax ‘mitigation’ was a specialism of Countrywide and that these services are now available to FEIFA members and their clients.

Turning to Marlborough Fund Managers, which has on and offshore funds, Stanfield highlighted that its Special Situations Fund was named as one of the ‘top ten performers of the decade’ in the Sunday Telegraph in 2009. 
 

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