Adviser services provider SimplyBiz has acquired SIFA, a support organisation for independent advisers who work with solicitors and accountants, for an undisclosed sum.
Relationships between IFAs and solicitors could be damaged by a lack of knowledge of unregulated collective investment schemes (UCIS).
Towergate Financial has joined Solicitors Independent Financial Advice (SIFA), the organisation bringing together solicitors and fee-based financial planners to provide complementary legal and financial services.
Advisers are being urged to make the most of upheaval within the legal industry over the next year to forge links with solicitors.
SIFA has launched a new guide to help IFAs work with personal injury lawyers and to address the issues surrounding large payments in serious cases.
The FSA's u-turn on forcing restricted advisers to disclose their non-independence using a fixed set of words is a "total cop-out" and not in the best interests of customers, says SIFA.
IFAs may have to pass a legal industry 'checklist' on issues such as charging and independence before SIFA members recommend them to clients.