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Restricted Lighthouse reveals provider ties
by Jun Merrett on Jan 09, 2013 at 07:52
National advice group Lighthouse has revealed the provider ties that will power its restricted proposition in the retail distribution review world.
Lighthouse has struck deals with a number of providers including F&C Asset Management, BlackRock, Threadneedle, Seven Investment Management, Brooks Macdonald, Zurich and Aegon.
Lighthouse Financial Advice, the national arm of Lighthouse Group, has built a series of mandated panels for active, passive and discretionary fund managers, and platforms, with up to five providers on each.
The 160 advisers in the firm must use the panels when recommending a product to clients.
Malcolm Streatfield (pictured), chief executive of the Lighthouse Group, the parent company of Lighthouse Financial Advice, said: ‘Throughout 2012 we looked at researched panel solutions and from that we have selected a number of counterparties to work with. It may be restricted, but it has most of the well-known names [in the fund management industry].’
Streatfield said all the platforms on its panel were owned by life companies due to their financial strength and investment in technology.
He added that the group planned to launch a web and telephone-based execution only offering later in 2013.
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