Richard Powell | Bloomberg Law Final Notice to Integrated Financial Arrangements plc – Financial Services Authority, 5 December 2011 ntegrated Financial Arrangements plc (IFA), the UK's largest wrap provider, has become the latest firm to be disciplined by the Financial Services Authority (FSA) for client money breaches. This takes place in quick succession to recent financial penalties imposed on Towry Investment Management Ltd1 and McInroy & Wood Limited,2 both investment managers. This latest action reinforces the importance of protecting client money and its place as a key FSA regulatory priority.3
Wrap PlatformsIFA operates a wrap platform, which enables independent financial advisers to place and trade their clients' investment portfolios, for example in mutual funds, exchange-traded funds and equities, together on one administrative-friendly, tax-efficient platform. In total, as at 30 September 2011, the firm held portfolios for 94,000 retail customers with a value of approximately
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).