Ann-Marie Martyn, founder and managing director of My Money Adviser, has sold her 10% stake in the c...
Ann-Marie Martyn, founder and managing director of My Money Adviser, has sold her 10% stake in the company and will pursue her dream of becoming a reiki instructor at her 15th century farmhouse in Essex.
She has also been made non-executive chairman of an asset finding company, which is yet to be launched, called The Wealth Detective. "I suppose I won't ever completely retire," says Martyn. However, she does plan to spend more time doing up her farmhouse, which is allegedly haunted by three ghosts and features two cottages in the garden, which, says Martyn, used to serve as a brothel. "It's a very colourful place," she notes.
Martyn sold her MMA shares to Quay Software, already a majority owner. Since leaving IFA Promotions in 2000, Martyn was instrumental in creating My Money Adviser, which provides flexible, low cost e-commerce websites for financial advisers.
"The timing couldn't be more perfect for me," says Martyn on her decision. "It gives me a fantastic opportunity to realise the value in my shares of a company that I have helped create. This gives me the freedom to pursue some personal dreams I have been promising myself."
Since launch in 2000, MMA has attracted a number of big name adviser groups, including Millfield Partnership and Neville Russell. It currently runs websites for over 430 different adviser companies.
Quay Software will integrate its entire product range, including intermediary and provider systems into one seamless range. Board director, Roland Rawicz-Szczerbo, will take over marketing and communications. He plans to build on Martyn's work establishing MMA's credentials and affinity deals, such as with Intelligent Finance, to take web marketing to a wider intermediary market.
Martyn's role with The Wealth Detective will bring her back to the consumer-facing environment, which is where she started. Martyn reckons there are billions of pounds left unclaimed in life insurance policies and deposit accounts. The Wealth Detective plans to first approach a number of financial institutions to see how potential matches for wealth beneficiaries can be established. It will also incorporate an online registration process.
Has been cold-calling consumers
New shares admitted to London Stock Exchange
Slow and steady growth
Missed funding target by £240,000
Denies any wrongdoing