Sesame says 'scale' all important as Bankhall talks continue

Scott Sinclair
clock

IFA network Sesame says its impending acquisition of Bankhall will give it the "scale" necessary to thrive in a post-RDR world.

It claims any deal, which would also include Premier Mortgage Services (PMS), would create the largest network in the UK with more than 3,000 appointed representatives (ARs). According to Sesame and support services provider Bankhall, the "scale and breadth" of the combined group would enable it to cater for any adviser proposition after 2012. The FSA's RDR Consultation Paper, issued a week ago, suggests splitting the advice market between ‘independent' and ‘restricted' advisers. Independent advisers must offer services based on a "comprehensive and fair analysis of the relevant ma...

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

PA Asks: Is plugging the retirement support gap a job for the FCA?

PA Asks: Is plugging the retirement support gap a job for the FCA?

This week’s poll also looks at auto-enrolment and client interest in ESG

Professional Adviser
clock 23 April 2024 • 1 min read
Advice stalwart on why consolidation is a 'flawed business model'

Advice stalwart on why consolidation is a 'flawed business model'

‘We are in a period of deconsolidation and it will all unwind’

Isabel Baxter
clock 22 April 2024 • 5 min read
Adviser numbers rise for Continuum as it expects further growth this year

Adviser numbers rise for Continuum as it expects further growth this year

Assets under influence grew 20% year-on-year to £2.07bn

Sahar Nazir
clock 22 April 2024 • 1 min read