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Article: 2Plan in talks with Park Row.(Royal Liver Assurance)(2Plan Wealth Management )(Brief article)
- Article from:
- Money Marketing
- Article date:
- September 10, 2009
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2Plan Wealth Management is in talks with Royal Liver to take on Park Row's 240 advisers in a bulk transfer deal.
2Plan is understood to have met with the FSA on Tuesday to discuss the mechanics of transferring this number of advisers in bulk from one firm to another. The FSA is expected to reach a decision on the deal by the end of the week.
If the firms get the green light, it is expected that a deal would be finalised next month. A number of other firms are thought to have shown interest in Park Row's advisers but 2Plan is understood to be the front- runner.
2Plan has around 180 advisers but that could rise to 420 if the deal goes ...