Folgate alliance aims to ease brokerage deals
The Folgate Partnership is offering to take a minority share in brokerages with a minimum commission...
The Folgate Partnership is offering to take a minority share in brokerages with a minimum commission income of £1m.
It has set up the Folgate Broker Alliance to facilitate the deals, which are conditional on selling up entirely within five years. FBA plans to take a stake in 20 brokers in the next year.
Kenny Maciver, managing director of the Folgate Partnership, said: "Brokers' succession planning is poor and many don't have a second tier of management waiting to come through. Brokers want to
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