Industry
Five IFA firms owned by Aegon UK have joined forces to form a new 200 adviser strong business, called Origen. Each of the five firms had specialist areas, including healthcare and employee benefits, which they will keep in the new business. Origen comprises Advisory & Brokerage, the Aurora Financial Group, Elliott Bailey, Momentum Financial Services and Wentworth Rose.
Aegon, which also owns protection business Scottish Equitable, aims to make the new firm the UK's leading intermediary, with ambitious plans to boost turnover and significantly increase adviser numbers by 2008.
The chief executive of the new firm is Gareth Marr, former chief executive of Advisory & Brokerage. Aegon UK's distribution manager Peter Dornan will chair Origen.
As the new firm was launched, Marr seemed confident of its success. "There has never been a better time to make a clear statement to UK consumers that there is a source of comprehensive financial advice they can trust. Each of the five businesses has decades of experience."
