View more on these topics

Adewale quits Mint and starts up new network next door

Former Mint founder and executive chairman Andy Adewale has left the firm to set up his own network in a neighbouring office.

Unleash Advice Partnership includes 21 ex-Mint advisers among its 24 ARs and Adewale predicts he will have 200 advisers within four years. The new network’s address is 14 Gander Lane, Chesterfield, close to Mint’s offices at 10-11 Gander Lane.

Adewale sold his 46 per cent stake in Mint to Intrinsic as part of the recent acquisition. He is chief executive of Unleash, while former Mint appointed representatives Martyn Edwards, Hitesh Patel and Adrian Kidd become operations director, head of mortgage proposition and media relations officer. The business comprises 95 per cent IFAs and 5 per cent independent mortgage advisers.

Adewale says: “What will be our unique selling point? Not a lot, except we can assure to treat people fairly. I wanted to recreate my old business. Many of the products out there look the same – good firms all use technology now – although we think ours are a little bit better. You can be so much more robust if you move away from the reliance on initial commission – a key factor is moving towards recurring income, which is what we aim to do.”

Recommended

Towry Law boosts profit earnings

Towry Law increased profit earnings by 45 per cent from £6.2m to £9m on a turnover of £51.3m – a 9 per cent year on year increase from £47.3m in 2006.

Standard & Poor’s downrates Fidelity UK special sits fund

Standard & Poor’s has drop- ped its long-term outlook for Fidelity’s £2.8bn UK spe- cial situations fund to an A rating.The fund had long been AAA-rated under investment guru Anthony Bolton before being placed under review by S&P following Bolton’s decision to retire from direct fund management at the end of 2007 and the fund […]

One in 10 to stop paying into pension

One in 10 pension savers will stop or reduce their contributions over the next 12 months due to the market volatility, according to research from private client portfolio manager Brewin Dolphin.

Unwelcome recycling

The Government is encouraging us to become a nation of recyclers of waste items but recycling in the pension world is much less welcome and advisers are often concerned that clients who contribute to pensions while receiving retirement benefits could be penalised.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com