View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Industry news
May 9, 2017updated 18 May 2017 11:23am

Wealth Management Association to merge with APFA

By Meghna Mukerjee

The Wealth Management Association (WMA) and the Association of Professional Financial Advisers (APFA) have agreed to merge to create a new trade association for investment management and financial advice.

The combined entity will be named the Investment Management and Financial Advice Association (IMFA) and is expected to be effective from 1 June 2017, subject to member approval.

IMFA would represent UK firms offering financial solutions such as investment advice and portfolio management, investment and execution services, financial planning and advice for private clients.

Liz Field, the existing CEO of WMA, will spearhead the merged group.  The new entity is expected to be financially positive on a standalone basis by the end of the first year.

WMA CEO Liz Field said: “The resulting trade association will continue to lead the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the investment advice and financial management arena.”

APFA director general Chris Hannant added: “The proposed new trade association will provide a stronger, united voice that can better lobby on behalf of the combined membership.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Private Banker International