The new network, called Private Client Consultancy, will operate using deVere Spain’s licence across Europe.

The network has been launched by Andrew Oliver, the new network’s CEO and senior area manager with deVere Spain.

He said that it is a network for those Financial Planners and financial advisers who have become disenfranchised with their network provider or those who are struggling to set up by themselves.

Mr Oliver said: “In a changing business landscape, with shifting client expectations, increasing regulatory and compliance requirements, and rising costs, there’s a growing need for smaller IFAs to join a professional network that can help them manage and reduce the burden.

“This is a b2b service provider for IFAs that takes care of Customer Relationship Management (CRM), products and services through alliances with major financial institutions, compliance, marketing and public relations.

“This is the network for those IFAs and brokers who have become disenfranchised with their network provider or those who want to set up by themselves but are struggling with licence regulatory demands.”