SimplyBiz launches buy-out scheme for member firms

The adviser support firm said Horizon builds upon previous exploratory work the group has undertaken with a number of advice firms over the last 12 months, and aims to provide "the most focused, client-centric adviser buy-out solution in the market".

Ex-Sanlam Wealth Planning CEO Alex Morley has been appointed to lead the service.

Morley said SimplyBiz would work with firms considering exiting the industry and those thinking about expanding their business through acquisition.

He explained: "The group will facilitate honest and open discussions between buyer and seller and make the process as seamless as possible whilst, of course, ensuring the best interests of the client are always kept at the centre of all arrangements. 

"Our expert, knowledgeable team, will work closely with each firm to fully explore their aims and aspirations for the future, before putting together a comprehensive step-by-step plan outlining how to achieve those aims with Horizon."

SimplyBiz compliance director Gary Kershaw added: "We are committed to supporting the adviser community at every stage of their career, from our apprenticeship scheme, which supports those entering the sector, right through to those who have decided it is the right time for them to leave. As always, the group's focus remains on the independent advice sector and Horizon supports continuation, not consolidation, of the sector."

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