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Schroders-owned adviser acquisition agency Benchmark Capital has appointed former Sandringham Companions chief govt Tim Sargisson as managing director of its Monetary Planning arm.
The appointment is topic to FCA approval.
Mr Sargisson will change Peter O’Sullivan, who’s retiring after a 36-year profession in Monetary Planning, the final six with the Schroders group.
Mr Sargisson has greater than 20 years’ expertise in wealth and Monetary Planning. He was chief govt of Sandringham Monetary Companions from 2015 till 2022, when it was taken over by M&G.
Now he’ll oversee Benchmark’s Monetary Planning enterprise because it continues to construct a presence throughout the UK via succession planning choices and natural development.
He mentioned: “Over the past seven years, as Benchmark’s shopper, I’ve labored carefully with them and seen first-hand their professionalism and dedication to the adviser group and the supply of wonderful shopper outcomes via the ability of know-how. To now be a part of that’s one thing particular.”
Benchmark managing director, wealth Ed Dymott mentioned: “We’re quickly rising our nationwide footprint and Tim will now lead that a part of our enterprise.
“Our proposition is resonating strongly out there, and our Monetary Planning enterprise has offered greater than 40 corporations choices for his or her succession planning. We now have our best-ever pipeline of advisers wanting to affix Benchmark for a safe and long-term dwelling for his or her purchasers via our succession planning choices which embrace an exit into our Monetary Planning arm.”
Benchmark is a wealth administration firm owned by Schroders that gives a spread of know-how, platform, funding and community options to monetary advisers.
It says the enterprise helps greater than 1,000 monetary advisers and its platform manages greater than £18bn in property.
Benchmark is steadily buying Monetary Planning corporations. In November final 12 months it acquired a 49% stake in West Midlands-based Chartered Monetary Planning agency Chartered Unbiased. Benchmark additionally final 12 months accomplished its 100% acquisition of Milton Keynes-based IFA Advison below the agency’s buy-out programme.
In March it purchased Chartered Financial Planners Kennedy Independent Financial Advice (KFA) in Derry to broaden its presence in Northern Eire.
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