Fast-growing financial-planning specialists Equity & General have partnered with AllAdvised to provide high-quality independent advice to the thousands of people lost in the UK’s ‘advice gap’.
The partnership is helping to power Equity & General’s highly successful ‘Altro’ programme, which recruits accountants, lawyers and will & probate specialists to produce potential additional value by adding financial services to their current offer.
The Altro programme is already proving to be a success, with more than 20 accountancy firms signed up and providing financial advice.
Those 20 firms are offering financial advice via the AllAdvised platform to their more than 20,000 individual clients.
AllAdvised CEO James Anderson said: “This is an exciting partnership as it creates scale quickly, making optimum use of AllAdvised’s unique automation and efficiency to support and enable it.
“Given our mission to make full, trustworthy, independent financial advice available to as many as possible – putting an end to the advice gap – the partnership with Equity & General is an important step in proving we can do it, to the benefit of all.”
Equity & General client relationship director, Carlo De Stefano, said: “We are delighted to be partnering with AllAdvised on this exciting project, breaking new ground in helping our Altro partners to expand and improve the range of services they offer to their clients by offering independent financial advice.
“While this project is an important business growth opportunity for us, our Altro partners and AllAdvised, its biggest significance will be in providing thousands of people currently lost in the UK’s advice gap with the trustworthy independent financial advice they are so badly in need of.”
Good luck to them. I can’t help thinking there might be too many mouths to feed.