Under an introducer agreement, Network Data's ARs will be able to refer investment business to Burns Anderson for an introducer fee with the assurance there will be no cross selling to clients.
Adrian Lewis, head of marketing at Burns Anderson, said: “We are delighted to be working with Network Data for this initiative. We feel this is an endorsement of the quality of our in-house financial advisers. We continue to provide excellent support to our existing ARs, for existing permissions, mortgage advice and general insurance.”
Peter O’Donovan, IFA at Bestinvest, explained that the collaboration should be good for customers. He said: “So long as the clients are happy they are getting good advice, this will save them going somewhere they may not have heard of to get investment advice and allow those Network Data’s ARs to offer all round financial advice.”
Terry Young, head of mortgages operations at Network Data, added: “We have been working with Burns Anderson on the introducer agreement and will announce further developments to our investment proposition in the New Year.”
