2plan launches company share scheme for advisers
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2plan Wealth Management has launched a new company share scheme for advisers.
Chief executive Chris Smallwood says the scheme is open to all existing 2plan members and any new joiners appointed prior to May 31 this year.
Advisers can qualify for share holdings based on their production levels, with business levels and share qualification information now available via a new link on the company’s internal portal.
Smallwood says: “The commitment of our growing number of advisers and their hard work is really worthy of recognition. Because of this we are announcing the new share scheme today to allow everyone to share in the rewards of our combined efforts.”
He adds: “We have always been firm believers in alignment and allowing everyone to share in the success of 2plan and have the opportunity to become a shareholder makes absolute sense as part of our long term growth plans.”
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Readers' comments (7)
Anonymous | 5 Feb 2010 10:04 am
Positive Solutions phase two right enough.......
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Anonymous | 5 Feb 2010 11:28 am
A share save scheme - hasn't that ship already sailed? Standard Life won't put in any more money to keep 2plan going and they are still loss making. Anyone thinking they will get anything from this is in cloud cuckoo land. It is just a bribe to get people to join. Mind you it will probably work with a few deluded souls too.
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Evan Owen | 5 Feb 2010 11:30 am
Can anyone show me an instance when this concept has actually been of benefit to the participants? I and many others have 'lost' fortunes when the 'shares' turned out to be worthless.
In some cases I would contend that statements made by the peddlers of these schemes amounts to market abuse.
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Anonymous | 5 Feb 2010 2:35 pm
Fill your boots.
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Anonymous | 5 Feb 2010 4:06 pm
Ref first two comments - guys you sound as if you have always missed the boat with share schemes and have become bitter and twisted. Sounds like you've been on a recent workshop doing the rounds and listened to toooo much gossip.
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Anonymous | 8 Feb 2010 4:43 pm
Positive Solutions are one company that did pay out on profit share but it is all about timing and 2Plan too late on this - PS were fortuntae in their timing.
Face it 2Plan offered something to the first people to join but don't have that carrot to dangle so need to do something else now. Fact - 2Plan have never made a profit
Fact - Standard Life not putting any more money in. 2Plan are in the mire. Decent if not very dynamic people behind company but not going to make anything for the partners and don't kid yourself they will - as no other companies offering the same sort of thing will either.
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John Curtis | 14 Feb 2010 9:42 pm
I must be one of those deluded souls who believes that this will work. I benefited from a similar scheme in the past and tied up with 2plan as I know the 2 principals driving it and trust their judgement.Many new enterprises need time to reach profitability and how do these anonymous posters know that Standard Life wont be putting any more money in, not that is is necessarily needed.In fact, I think if you ask the 200 plus IFAs at 2plan they , like me, would welcome the chance to buy in to this quality operation. Perhaps these anonymous posters would like to be like me and identify themselves and explain their depth of knowledge on these matters-I'm not holding my breath!
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