FNZ’s UK chief executive, Adrian Durham, addressed these fears in a LinkedIn comment earlier this week.
Despite signing the Fairstone deal, he said: "FNZ has no intention of directly dealing with advice firms.
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"However, FNZ platform partners e.g. Abrdn, Quilter, Aviva, Embark, James Hay etc. I would say [will] certainly start offering fully customised white-label solutions to advice firms. That strengthens their offering to and relationship with advice firms.”
FNZ was approached for comment.
ruby.hinchliffe@ft.com
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