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Federation of Europe IFAs team up with Fidelity

The Federation of Europe IFAs, FEIFA, announced today (22 November) that it has partnered up with Fidelity Worldwide Investment.

The federation said this will make Fidelity’s funds and services easily available to the member companies of the trade association.

FEIFA said it believes this is a “very good indication” of the “growing importance and relevance” of the federation.

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Ben Waterhouse, UK head of retail sales at Fidelity, said: “Fidelity is delighted to have the opportunity to work with FEIFA during this next year and I look forward to developing relationships with the member firms.”

Paul Stanfield, chief executive at FEIFA, added that the partnership was a “further example” of the federation’s stated aim to encourage major industry institutions to support and develop retail business in Europe via licensed IFA businesses.

FEIFA’s partnership programme was launched in March last year and has now been closed to new partnerships until the New Year at the very earliest.

Mr Stanfield said: “The programme has attracted a large number of well-known industry heavyweights in combination with a good range of more specialist and boutique providers.

“We feel that further expansion of our affiliates at this stage would be counter-productive for our members, and also to both existing and would-be partner companies.

“This strategy now also allows us to focus on two major research projects that have recently commenced; one relating to platforms and the other to an assessment of whether FEIFA should offer its services in other areas of the world.”

The federation is a non-profit trade association for English-speaking IFAs who are based or operating on the continent and now represents in excess of 300 advisers operating across Europe and further afield.