Listed intermediary group Berkeley Berry Birch (BBB) has announced plans to set up a new IFA network.

The new network will be known as Alpha to Omega (UK), and the launch is subject to Financial Services Authority approval.

BBB said that IFAs will need to hold purchase shares in the company to demonstrate their commitment to the companty.

Chief executive of Alpha to Omega, Stewart Wooles said: "We know we can attract the types of IFA practices which will thrive in a business growth culture.

"As part of the BBB Group, we have the strength and resources to offer high quality services to IFA firms who are being attracted by the exclusive nature of Alpha to Omega.

"We will provide the support and resource to assist IFA member firms to grow and develop so that they can fulfil their full potential."

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