Simplybiz has launched a business transition proposition for IFAs looking to retire or offload a segment of their client bank.
It offers 70% of renewal income to the IFA for five years, plus 20% of any income generated through new business written with the clients. The Practice Buyout initiative allows the advisers to transfer clients to Simplybiz's non-advisory service, Capital Reward Plus, or, if ongoing advice is required, to one of 12 pre-selected local IFA firms who have signed up to receive clients under the scheme. Although it is aimed mainly at advisers retiring from the industry, the services provider said it will also be suitable for those segmenting their client bank in advance of RDR or firms who ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes