Simplybiz launches practice buyout scheme

clock

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

News editor's view: Why advisers should pay attention to student loans

News editor's view: Why advisers should pay attention to student loans

The news editor's Friday Night Takeaway from 12 June

Isabel Baxter
clock 12 June 2026 • 4 min read
Feel Good Friday: Finli Group raises money for dementia charities

Feel Good Friday: Finli Group raises money for dementia charities

Has raised £10,000 and hopes to generate an additional £10,000

Professional Adviser
clock 12 June 2026 • 1 min read
Education minister: Student loan repayment threshold freeze did not break the system

Education minister: Student loan repayment threshold freeze did not break the system

‘These are design choices we have inherited’

Sophia Panayi
clock 11 June 2026 • 3 min read