The company has said that the investment and the benefits such an alliance brings to MMC, supports its strategy of applying for Network status from FSA.
Chris French, Managing Director, said: “MMC had identified that in order to satisfy its risk aware culture, additional compliance and systems investment was necessary. The Company had sought a forward thinking partner that would benefit from the Company’s success in attracting and satisfying intermediary service requirements and provide technical and systems support. We believe that this investment and strategic connection will appeal to those intermediaries still undecided about the Principal to approach for their Appointed Representative requirements”.
Chris went on to say that “We are delighted to have concluded this investment so that we can work together on developing products, systems and strategies for the benefits of our introducing brokers”.
