Sesame has offered a sweetener to affected advisers to transfer to Bankhall or the preferred network partner. Steve Hagues asks how should the Sesame ARs prepare themselves and what does the deal mean for other advisers tied into networks?
It is no secret that most advisers are likely to follow the route suggested by Sesame, which is to go directly authorised under Bankhall or join the preferred network partner. The biggest sweetener announced recently was that if this route was taken trail commission could be kept uninterrupted, suggesting departing advisers might see income frozen. They will also have up to six months to return client files, which infers that a shorter timeframe may be the case if they transfer to another network for example. However, whichever route is chosen, it is still a good idea for adviser...
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