View more on these topics

Chamberlain gets to Core for Succession

Simon Chamberlain has signed up Core Financial Services as the second regional hub of his IFA consolidation vehicle, Succession Advisory Services.

Money Marketing last week revealed the appointment of former Millfield chief executive Paul Tebbutt, who resigned from Core Financial Services to join Succession as a relationship director.

Before joining Core, Tebbutt was chief executive of Millfield Partnership and was fined £35,000 by the FSA in 2006 for providing misleading information about the firm’s application to merge with Inter Alliance. Millfield went into administration in June 2006.

Maidstone-based Core is headed by chief executive Mark Sutton and has nine advisers, with offices in Surrey, Sussex, Kent and Nottingham.

It is committing £150m of assets to the Succession investment matrix, bringing the total of committed funds to £400m.

Chamberlain says: “Core has ambitious plans to build up to £500m of assets by consolidating smaller IFA firms.”

Last week, Midlands firm Squirrel Financial Management was signed up as Succession’s first regional hub.

Recommended

Public don’t understand adviser’s job

I visited a prospective client the other evening. He wanted advice on life insurance for family protection (two small children, not married to his partner, no idea about budget or suitable levels of cover) and for mortgage protection (interest-only, no repayment vehicle in place).

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment