Sandringham Financial Partners, the restricted national advice proposition backed by Simplybiz chairman Ken Davy, has opened today.
The firm had been waiting for FSA approval and received it this week.
The new national will offer restricted national advisers a fully integrated customer proposition, marketing support, technical information and quotation software.
Advisers working for the national will have their professional indemnity, and Financial Standards Authority (FSA) costs paid as well as the cost of their professional body membership.
Sandringham Financial Partners will also supply an integrated back office function and will be taking on all of the compliance administration.
Chairman of SimplyBiz Ken Davy, said: "I believe Sandringham Financial Partners is the most important new venture for financial advisers since the launch of SimplyBiz exactly ten years ago this month.
"It is going to give experienced individuals the opportunity for a fresh start as they bring their skills and professionalism into an exciting new environment."
Managing director of Sandringham Financial Partners Steve Braidford added: "We are delighted that we can now bring our offering to the market. We will offer advisers excellent value for money, transparency in their services and time saving and efficient support."
"Whilst preparing for the launch we have had many discussions with advisers about the shape of the proposition and the benefits we will be offering.
"The feedback we have received so far is incredibly positive and I look forward to welcoming advisers into our partnership."
The new offices were opened by backer Ken Davy with Chairman Peter Hales, Deputy Chair Barry Kayes and Managing Director Steve Braidford in attendance.
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