Sesame Bankhall: 'Huge demand' for split proposition

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Network and support service provider Sesame Bankhall Group (SBG) has said a large number of its 2,800 member firms are considering a 'hybrid' practice - offering both independent and restricted advice.

Chief operating officer George Higginson (pictured) said advisers in both camps had been exploring the proposition. "We've had 200% of the interest that we expected in the hybrid model," he said. "For many it's the most natural choice. Three quarters of the movement we've seen has been towards it." Appetite for the proposition, where a of number advisers with either independent or restricted status operate under two limited companies, grew after the FSA ruled on unregulated collective investment schemes, Higginson added. Insisting independent advisers consider the asset class was a...

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