Richard Leeson, a former sales and marketing director at Axa Wealth International, has launched a new business, Adviser Advocate, to help UK and international financial advisors with technical support, International Adviser reported.
The business also aims to help with business generation ideas, business development with professional connections, and a range of added value products and services.
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The new venture will also help clients to realise a significant reduction in the costs of distribution for product providers.
Leeson will look to provide his clients with technical support in handling complex client cases, including inheritance tax matters, QNUPS, EISs and VCTs.
Earlier in May 2013, Leeson has set up a consultancy business in, D & W Management Consulting, to help life companies and wealth managers to navigate the challenges in the UK market that were brought about by the RDR.
He said the new business would work alongside the first one, and benefit from inherent synergies.
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By GlobalDataAdviser Advocate is expected to go live on 1 October 2013, at which point it expects to have six specialist relationship managers in place across the UK. Leeson plans to continue to be based in Scotland, according to the publication.
Leeson said: "Adviser Advocate represents a major step forward in supporting financial advisers in the post-RDR market, which, he noted, has left many struggling to cope."
Prior to joining Axa in 2011, Leeson has spent nine years with Prudential, and earlier to that was with Aegon.
