Churchouse Financial Planning has changed its name to Chapters Financial effective 1 January 2012, following the resolution of a trademark dispute with Virgin Money.
Controversy arose when Virgin Money acquired Church House Trust in early 2010, a private bank based in Somerset.
According to a statement released by Chapters, an ‘amicable’ agreement was reached by the two companies in summer 2011 after 18 months of negotiation. The firm also said that it had taken the opportunity of the rebrand to emphasise the “breadth” of its advice offering.
Esther Dadswell, co-director of the Surrey-based company, said: “The last 18 months have shown us the importance of protecting our intellectual property and brand.
“The name change has also given us the opportunity to alter the description of our service from ‘financial planning’ to simply ‘financial’ to reflect the breadth of the advice we offer.”