Rimbal subsidiary Preference Financial Services has today been authorised by the Financial Conduct Authority with FRN 836465 following a nine-month authorisation process with the FCA.

Preference was formed to be part of the ValidPath proposition and support Independent Financial Advisers and financial advisory businesses who have a low-risk business model and will be seeking a succession solution or exit in the years ahead.

The benefits of the Preference proposition include that it is low cost, low risk and has a proven operating model and network proposition and fungibility with other authorisations within the ValidPath IFA Network Proposition.

The authorisation of Preference is an important milestone for Rimbal and a step towards empowering a broader spectrum of people to achieve their financial goals.