Intrinsic named as Sesame's preferred home for orphaned advisers

Sesame Bankhall Group announced in March it will wind down its network for investment and pension advisers over a three month period from the end of April. The deal with Intrinsic means advisers joining the network from Sesame will be offered a benefits package including regulatory fees and trail commission arrangements. Advisers have also been given the option to become directly authorised with Bankhall on the same terms. Sesame normally freezes firms' commission accounts for three months when they exit but said it will offer uninterrupted income to those opting to become directly...