Independent service provider Bespoke Compliance Solutions has joined the Simply Biz Group.
It is the Simply Biz Group’s second major announcement this year, following February’s merger with Compliance First.
Bespoke currently serves over eighty UK financial advisers, with tailor-made compliance solutions to directly regulated IFA firms.
Caroline Hayes, Bespoke founder and managing director, will continue to look after the firm’s existing clients.
She has also joined the Simply Biz senior management team as compliance policy head.
“We are delighted to have become a part of the Simply Biz family and extremely pleased that our clients will now have the opportunity to participate in the wider benefits available from Simply Biz,” she says.
“An immediate benefit is that the client firms of Bespoke, like those of Compliance First, will automatically qualify for shares in the ‘capital reward’ and ‘capital reward plus’ companies, the two new profit share initiatives being introduced by the Simply Biz Group.”
Simply Biz currently provides services to almost 2,000 independent IFA firms, representing more than 4,500 advisers.
Ken Davy, Simply Biz chairman, says he is impressed with Hayes’ credentials.
“Her undoubted expertise and compliance experience will continue to benefit the existing clients of Bespoke whilst her appointment as head of compliance policy within Simply Biz will enable her valuable experience to benefit all of the IFA firms we represent,” he says.
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