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Bedford becomes MD at Worldwide Financial

Former Misys head of marketing and Sesame sales director Andrew Bedford has been appointed managing director at IFA Worldwide Financial Planning.

As part of a restructure at the Truro firm, Bedford is taking over from Peter McGahan, the current MD and owner. Bedford joined the firm in January 2004 as chairman.

Worldwide’s acquisition of Kingsmead IFA in July brings the group’s total advisers across life, pensions and mortgages to 40 working from seven locations.

The group is aiming for a turnover of 3m next year and is looking to be a top 50 IFA, building business through organic growth.

It also plans to complete two more acquisitions with one in the first quarter 2005 and another in the second quarter.

McGahan takes on the role of distribution director and becomes chairman.

Bedford says: “Our focus is on organic growth and developing systems, processes and research. We have a great team of advisers and staff and they benefit from our continued growth through our adviser share incentive scheme. Worldwide will be a top 50 IFA in the UK based on quality of advice and profitability.”

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