Bringing you live news and features since 2006 

UK wealth trade associations merge


Two UK trade associations in the investment management and financial advice sector, the WMA and APFA, are to merge, and the resulting organisation, Investment Management & Financial Advice Association, IMFA, will be headed by Liz Field, current CEO of WMA.

IMFA will launch 1st June, subject to the merger being approved by the members. The associations write that combined IMFA membership would represent UK firms offering a range of financial solutions, including investment advice and portfolio management, as well as investment and execution services, financial planning and advice for private clients.

Both trade associations’ Boards have recommended the proposed merger, which is expected to create a stronger voice for the IMFA industry in the UK. IMFA is expected to be financially positive on a standalone basis by the end of the first year.

Liz Field, CEO of the WMA, says: “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”.

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

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by