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The Association of Mortgage Intermediaries (AMI) is to establish itself as an independent organisation after nine years as part of the Association of IFAs (AIFA).
AIFA chairman John Gummer said AMI had grown significantly in recent years and was now in a position to "stand on its own two feet and be financially autonomous".
The changes will allow AIFA to focus solely on the interests of investment intermediaries, he added.
Robert Sinclair (pictured) will leave AIFA to head up the new AMI as director. Lord Deben remains chairman.
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| Comment | AIFA shifts focus to investment advisers after AMI split |
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Well done Alan
for reminding us all that we dont just advise on clients investments but deal with their other financial affairs also.
Posted by: Fivepoles
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So....IFAs are now wealth managers. How about protection? I was going to say that they've lost the plot but they never had it in the first place.
Posted by: Alan Lakey