Sesame has completed its acquisition of Bankhall and the Premier Mortgage Service from Skandia UK.
The wholly-owned Friends Provident intermediary network will now be called the Sesame Bankhall Group.
Sesame Bankhall will now be the largest appointed representative network, with around 3,000 advisers, and the largest directly regulated service business, supporting over 1,500 firms.
Ivan Martin, Sesame executive chairman, will be the executive chairman of the enlarged group - while Sesame's sales and marketing director Stephen Young will be chief operating officer.
Martin says: "Sesame, Bankhall and PMS are quality brands and this acquisition puts us in the strongest possible position to make the significant investments necessary in new services to help advisers meet the challenges of the RDR and Mortgage Market Review.
"More and more advisers are looking for the support of a strong business partner who can offer the right blend of expert guidance and value for money services for their individual needs, and we will be there to support them. We will retain and build on these strong brands in order to deliver the adviser services of the future."
The total gross assets of the Bankhall Group were £11.8m as at 30 June 2009.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected