Trusted advice since 1982
Founding member Richard (Dick) Carne.
The firm can trace its roots back to 1982 when Richard (Dick) Carne, who was the founder of Asset Management Independent Financial Advisers Ltd, formed a financial advice division of a company known as Basset Insurance Brokers Ltd who were registered general insurance brokers. The financial advisory arm of the insurance brokers was known as Basset Independent Financial Advisers (BIFA), operating as a partnership.
BIFA incorporated in 1995 to become known as Asset Management IFA Ltd (AMIFA) and the entity was initially regulated by the PIA until it became a member of the Interdependence Network whereby AMIFA was a member during the period 1 April 1995 to 17 December 1997. Upon leaving the network the firm became directly authorised and regulated trading as AMIFA.
2012, a new direction…
When the FCA published the Retail Distribution Review (RDR) in 2012 it created a new set of rules and regulations surrounding independent financial advice.
It was at this point this firm decided to change the way we delivered financial advice and split the business into a Restricted Trading Division (Asset Management Financial Solutions), an independent trading division (Asset Management Independent Financial Advisers) as well as a long-term care trading division (Asset Care Planning). These arms were collectively known as Asset Management Financial Advisers Ltd (AMFA).
An additional directive, recognised as MiFID II, extended the initial MiFID requirements in terms of market structure and the new requirements led to a review of the existing company structure in consideration of its independent and restricted arms. The outcome of which led the firm to return to providing all aspects of independent advice through Asset Management Financial Advisers Ltd and archived the three aforementioned trading divisions.
In the same year, we decided to adopt the trading style of AMFA and lodged the trading style with the FCA although we still remain regulated as Asset Management Financial Advisers Ltd.
WE ARE BASED IN HAMPSHIRE AND FOR OVER 40 YEARS OUR NUMBER ONE PRIORITY HAS BEEN, AND CONTINUES TO BE, TO ENSURE THAT OUR CLIENTS ARE IN THE BEST POSSIBLE FINANCIAL POSITION TO SECURE THEIR LONG TERM FUTURE.
Matt Wood
Head of Operations, AMFA
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Call 02380 420 606 for a quick chat or contact us and we can arrange a no-obligation consultation. Whatever life-stage you are at right now, we’d love to help.
First class service received from Dave Robertson and team, who oversaw the smooth transfer of my funds and provide ongoing support and advice, with a personal and highly professional service.
Mr S GOMM