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Chadborn offering franchise scheme

IFA firm Chadborn Baker & Kearle is changing to a franchise-style business model.

It is devolving ownership of the company’s three branches to local managers who will run the businesses under the Chadborn Baker & Kearle brand.

CBK (Colchester), CBK (Nottingham) and CBK (Swansea) will operate autonomously within the wider CBK group.

Principal Peter Chadborn is looking to extend the franchise to one-person bands that feel over-burdened with regulation. He believes the franchise approach will also appeal to IFA practices and advisers who are trying to formulate exit and retirement strategies as well as those who need help with industry guidance and com- pliance support.

Chadborn says: “We have created a reputation at CBK for being a forward-thinking and ethically sound IFA practice. This reputation combined with our new structure will appeal to one-man bands that have become disillusioned with the industry and have lost their way with all the developments such as depolarisation, increased regulation, the compensation culture and the inequality represented by the non-advice distribution channels.”

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