Ex-Sesame advisers flock to Simplybiz

Carmen Reichman
clock • 2 min read

Support services provider Simplybiz has said it has taken on more than 50 former Sesame advisers this year, as the firm announced its best annual start since 2008.

The group said more than 200 advisory firms signed up to its services in the first half of 2014, more than half of which joined direct from networks. Joint managing director Matt Timmins (pictured) said more than a quarter of these 200 firms came from the Sesame network, which announced in January it was to go restricted. Others came from network The Financial Group. Around 180 new joiners were IFAs, alongside 20 restricted advisers. SimplyBiz' growth plans are "more of the same" Timmins said, adding: "we would expect an additional 100-200 [new joiners] by the end of the year to co...

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