CountPlus has confirmed that its associated dealer group Total Financial Solutions (TFS) will cease operating early next year.
CountPlus chief executive, Matthew Rowe, has used his annual general meeting address today to confirm that 32 Total Financial Solutions firms accounting for 62 Authorised Representatives have been offered the opportunity to join Count Financial.
He said four TFS firms involving four authorised representatives had decided to exit the industry and that three TFS firms accounting for eight authorised representatives had not been offered the opportunity and were being assisted to joint other licensees.
CountPlus foreshadowed its move to close down the TFS license in late June.
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