You are here: Home - News -

Inter Alliance

  • 10/02/2003
  • 0
Intermediary, Inter Alliance, has acquired IFA, Heartland, for £2.5m, bringing 175 advisers and a tu...

Intermediary, Inter Alliance, has acquired IFA, Heartland, for £2.5m, bringing 175 advisers and a turnover of £10m to its business.

The deal will see Inter Alliance taking on the IFA’s offices in St. Albans, Cardiff, Birmingham and Abergavenny.

An initial £750,000 has been paid, with a further £1.75m to change hands as the company’s advisers move over to Inter Alliance.

Friends Provident is providing a loan facility of up to £4m to pay for the deal and subsequent development.

Keith Carby, chairman and chief executive of Inter Alliance, said: ‘Scale is essential for those in the IFA sector who want to offer the best possible service to their advisers, and thereby enable them to offer an excellent service to their clients. This acquisition consolidates our position as the leading national IFA.

‘Heartland is an excellent fit for Inter Alliance. The regional synergy and similar cultures make this a natural integration.’

Elsewhere in the group, Inter Alliance has registered 150 advisers to its recntly-launched mortgage club, The Mortgage Alliance. The club has a panel of 21 lenders and Stuart Wilson, mortgage development director for Inter Alliance, said he expected further numbers to join.

However, despite initial suggestions the club may be open to all UK IFAs, Wilson said this was unlikely. Inter Alliance has standard procedures in place with its advisers and communication channels have been set up.

He said it was difficult for other clubs with more fractured member bases to replicate this, and felt a move to such a model would be disadvantageous.

Wilson hoped the club would also prove effective in attracting new advisers to Inter Alliance.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Network chooses portal for its members

IFA network, The Tenet Group, has selected The Exchange's Officeweb and Exweb portal to be integrate...