View more on these topics

Benefit buy boosts Torquil Clark turnover to 5m

Torquil Clark has acquired neighbouring firm PS Employee Benefits in a deal that will more than quadruple company turnover.

Torquil Clark will move all 12 PSEB employees into its offices in Wolverhampton, bringing its total staff to 60 and boosting turnover from around 1m to 5m a year.

A second Torquil Clark deal, which is set to be bigger than the PSEB deal, is expec-ted to be announced at the end of the week.

The PSEB acquisition is subject to FSA approval.

PSEB has around 5,000 clients as part of its corporate advice business and Torquil Clark is keen to expand in this area.

Last week, Torquil Clark managing director and foun-der Don Clark announced that he had stepped down and left the company in the hands of former finance director John Chapman.

Chapman says all 12 PSEB staff, including three advi-sers, would be employed at Torquil Clark’s offices but refused to reveal how much had been paid for PSEB.

He says: “We were looking for a certain type of business in the local area that would match our style and who we would be able to bring into our infrastructure.”


Home brew

Despite a brief interruption by my ramblings on the pre-Budget report, I have recently been concentrating on the important subject of inheritance tax planning using the principal private residence. On the face of it, this may seem like a subject of only passing importance to financial advisers as it does not involve any financial product but this would be a short-sighted view.

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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