The network launched the restricted panel and platform propositions on Wednesday for its 45 member firms who offer pension and investment advice.
David Carrington, marketing director of Personal Touch, said the arrangement was “aimed at bringing together the very best providers in each wealth sector to support the delivery of high quality advice and value for money services for our member firms and their clients”.
He added that companies chosen in the final selection were able to meet strict treating customers fairly criteria, including cost transparency, technology efficiencies and the ability to provide ongoing training and support for members.
Platforms: Aviva, AXA Elevate, Funds Network, Skandia.
Discretionary fund managers: Brewin Dolphin, Brooks Macdonald, Close Brothers, Quilter Cheviot
Annuities: Aviva, Canada Life, Just Retirement, L&G, LV, MGM Advantage, Partnership, Prudential
Specialist Sipp: James Hay, Sipp Centre, Suffolk Life
Structured products: Investec, L&G, Morgan Stanley
The move comes after a long period of changes at the network, including a series of senior management reshuffles in the past 18 months, and a focus on business drivers.
In September PTFS announced it had terminated contracts with 16 member firms as part of what Mr Carrington called “a five-year plan to reduce the number of members and improve the quality and professionalism of those remaining members”.