Each location will be authorised by the FCA and will rely on the infrastructure provided by London Money as well as The Adviser Alliance.
London Money is set to expand its operation outside of the capital to cater for growing demand.
Glasgow Money, Teesside Money and Manchester Money will all offer a range of second charge mortgages, commercial finance, and equity release.
Each location will be authorised by the FCA and will rely on the infrastructure provided by London Money as well as The Adviser Alliance.
Martin Stewart (pictured), founder and director of London Money, said: “By opening up our brand, knowledge and our contrarian approach we can give those brokers the chance to build their own business.
“By working with The Adviser Alliance brokers will be able to keep a larger percentage of their procuration fee than was previously the case.
“This isn’t another network in the traditional sense of the word, more a group of directly authorised companies, self-reliant and independent but with our backing to help build a business with a national presence but a local touch.”
Kris Day, founder of Glasgow Money, added: “I chose to partner with Martin and Scott because they see things totally differently and that’s refreshing.
“Their plans for a national brand with an ethical stance was particularly attractive. We are excited by the opportunity of helping to build a brand that consumers and businesses can trust and engage with.”
