Robert Bourns, TLT's Managing Partner, said: "As we continue to expand we have developed increasingly specialist services. The decision to put a specific team together is in response to the recent regulatory developments and future market changes but also in response to our clients needs.
"TLT’s aim is to provide a complete solution to IFAs needs nationally. IFAs all over the UK are going to need specialist legal advice if the polarisation reforms proceed as proposed. Many will want to review their business platforms and many will consider becoming distributor firms on a multi-tied basis. Those wishing to retain the 'independent' label will want to consider all sorts of commercial options available to them.
"Some will want to expand by merger or acquisition, while others will want to retain their autonomy. IFAs will no doubt continue to be courted by product providers looking to secure and expand their distribution channels and all in all there is going to be plenty of commercial activity which will need sound legal backup."