Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a636347

Sense to buy clients from retiring director duo

by Jun Merrett on Nov 22, 2012 at 11:33

Sense to buy clients from retiring director duo

Two directors at Nottingham-based Sense Financial Solutions are to retire as advisers at the firm and sell their clients to the business.

Sid Court will retire from the firm in January alongside fellow director Ian Tagg, who will step back from being an adviser but remain a director and take over Sense’s will consultancy service.

Steve Buttercase (pictured), financial planner at Sense Financial Solutions, said the five directors agreed when the firm was established in 2004 that upon retirement they would sell their clients to the business at 50% of ongoing trail.

‘It’s the first time we’ve tried it and it’s what we’ve always wanted to do,’ he said.

‘We now want to encourage advisers who are thinking about retirement to come across, be with Sense for a couple of years, then hand over their clients and get a retirement package without having to sell the business.’

2 comments so far. Why not have your say?


Nov 22, 2012 at 18:35

Disposal or ongoing income. What tax treatment?

report this

Peter jones via mobile

Nov 22, 2012 at 19:14

Sounds good plan but with providers potentially stopping renewal as we know it now what is the 50% of post rdr?

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.


Adviser Workshop: How to implement a fixed-fee model

by Jun Merrett on Jul 22, 2014 at 14:38

Sorry, this link is not
quite ready yet