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Bespoke buy for SimplyBiz

SimplyBiz has acquired its second compliance support provider this year.

Yorkshire-based Bespoke Compliance Solutions provides compliance support to 80 directly regulated IFA firms and will retain its own brand as part of the deal. Founder and managing director Caroline Hayes will take over as head of compliance policy for the combined group.

Client firms of Bespoke will qualify for shares in SimplyBiz’s profit share schemes, Capital Reward and Capital Reward Plus.

SimplyBiz bought Glasgow-based Compliance First in February in a move that saw it increase its client firms by a third to 4,000.

Chairman Ken Davy says: “We have been very impressed by Caroline. Her undoubted expertise and compliance experience will continue to benefit the existing clients of Bespoke while her appointment as head of compliance policy within SimplyBiz will enable her valuable experience to benefit all the IFA firms we represent.”

Hayes says: “We are delighted to have become a part of the SimplyBiz family and extremely pleased that clients will have the opportunity to participate in the wider benefits available from SimplyBiz.”

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