FEIFA enlists Judicare’s global services for IFAs

FEIFA (the Federation of European IFAs) has announced a new partnership to give its members access to the global services of the Judicare Group, specialists in financial reclamation on overseas property.

Paul Stanfield, CEO of FEIFA, explains that its coming together with Judicare stems from the recent turmoil caused to IFA clients in the global property market.

“As part of portfolio planning some IFAs were advocating a proportion of their clients’ wealth be diverted towards this asset class to try and spread investment risk, In addition, many advisers based, or operating in mainland Europe,  have expat clients who were purchasing property as their main home. A great number of these purchases have experienced major problems, whether they were bought for investment or as a primary residence”.

As a direct result of the global downturn, combined with a slowing in the property boom, many of these investments have been derailed for various reasons in recent years - leaving the investor or prospective homeowner (and at times the IFA) wondering what to do and who to turn to for advice on their situations.

Judicare comprises a UK-based legal services company and a full service Spanish law firm to provide specialist advice and recovery action for investors with overseas property disputes wherever they happen to occur around the world.

“We now have local expertise on the ground internationally, providing investors with the help they need to recover what in some cases are their entire life’s savings,” confirms Judicare’s CEO Neil Heaney.

“We recognise the moves made by FEIFA in addressing the potential concerns of their members in this area and are delighted to have taken this important step into the IFA community with such a respected and market-leading organisation.

Its ethical approach to the financial services industry and the welfare of its members certainly echoes where Judicare places itself and this partnership further demonstrates our abilities to provide solutions to this problematic sector of investment.”

“I am very pleased that we have been able to agree an exclusive arrangement with Judicare,” adds Stanfield.

“This provides an additional service for our members, enabling them to assist any of their clients who have experienced property issues and also potentially attract new clients with similar problems. Judicare’s expertise and experience in such matters, and its wide-ranging business associations across many countries, creates a valuable further benefit for FEIFA members.”

FEIFA, a non-profit trade association for English-speaking IFAs, now represents more than 300 advisers operating in 25 European countries and further afield, advising on estimated cumulative assets in excess of €2 billion. Stanfield says the Association is seeing increasing interest from UK advisers who have expat clients; specifically for the guidance it can provide in order to advise clients particularly in areas of tax and compliant product knowledge. http://www.feifa.eu
http://judicaregroup.com