Linx FS joins PTFS
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Linx FS has joined the Personal Touch Financial Services network.
The network was until recently an appointed representative of AllMyPlans.com.
Linx FS is offering two different propositions under PTFS an appointed representative model and one for advisers who want to sit under the Linx FS umbrella as registered individuals.
Former BDS Mortgage Group directors Phil Jay and Bob Hope joined forces to launch Linx FS in 2009.
In March Linx FS formed a strategic alliance with packager Complete Mortgage and Loan Services. Both brands now share resources and work out of the same offices while maintaining their individual brands.
Bob Hope, director at Linx FS, says: “We are pleased with PTFS as our choice of network partner as it mirrors our core values of integrity and can-do attitude.
“This alliance allows Linx it to grow to our planned 100 advisers and, at the same time, offer a secure framework for members. The feedback we have received during this transition has been positive and we’re grateful for the support of our members.”
Dev Malle, sales and marketing director at PTFS, says: “At PTFS we aim to attract quality organisations with robust growth strategies. It is, therefore, particularly pleasing when an organisation such as Linx FS selects us as its preferred network partner following a significant due diligence process.
“It’s encouraging and indeed refreshing to see an organisation with a clear strategy and infrastructure to support its adviser base and we look forward to working with Linx.”
Readers' comments (1)
Harold Palmer | 10 Aug 2010 3:29 pm
How does this proposition of having 'sub AR's' under another AR square with the FSA's view on transparency and appropriate use of trading names? If you read their 'One Minute Guide' on the subject (which now appears to have disappeared off their small firms website but can still be found via a search engine) then the idea of an AR having over 30 trading names that obviously relate to separate businesses just doesn't seem to fit within TCF or possibly even the FSMA.
What's worse is that they just the latest example of this 'AR pyramid' system that seems to be given the blind eye, even though several FSA staff I've mentioned it to at events/visits said that it wouldn't be allowed!
A case of one rule for the small broker and another for the big network methinks!
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