The Federation of European Independent Financial Advisers (FEIFA) has agreed a partnership deal with SIPP Investment Platform, an entity that reviews and evaluates alternative investments, on behalf of those considering them for their portfolios, according to International Adviser.
As a part of the deal, all prospective FEIFA partner companies operating in the alternative space and with non-Ucits funds or funds based outside of Europe will now have to be independently reviewed by SIP, which will provide its findings to FEIFA’s executive committee.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
SIPP Investment Platform (SIP) which was founded in 2010 has specialised in evaluating investment products capable of being held in such UK investment structures as self invested personal pensions (SIPPs).
However, FEIFA CEO Paul Stanfield believes that what SIP does for UK SIPP investors would also be of great benefit to European financial advisers, who have been caught up in some problems involving a handful of particularly toxic alternative investment schemes.
The publication quoted Stanfield as saying that, "These concerns are shared, of course, by much of the industry and many of our member companies, many of whom have discussed with us ways that we may be able to assist them in continuing to include alternative funds and strategies within their client’s portfolios, while protecting them against these risks."
Stanfield added that this deal will enable FEIFA member companies to benefit from SIP’s good quality, independent research at a price they can afford.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
