John Dick, the former managing director of Barclays Bank subsidiary Sedgwick, is to run a new adviser support company for IFA group Tenet and help integrate its new acquisitions.
Dick will become group director of business development at subsidiary Tenet Business Solutions. His appointment is part of an expansion and recruitment drive by the group, which owns the M&E and Interdependence networks, mortgage network IMA and IFA Professional.
Joining him to launch TBS will be Vicky Pitt and Simon Davies of Berkeley Network.
The expansion programme includes the purchase of 100-RI firm Capital Planning and a 20 per cent stake in IFA Ayrshire Financial Planning in January. Tenet is looking to increase the number of its RIs to 4,500 in the next two years and is hoping to attract advisers from a number of rival networks.
Dick says: “This is a great opportunity for me to work within a group that shares my enthusiasm for helping to develop people and their businesses. I strongly believe IFAs have a unique role to play in the future of financial services.”
Tenet chief executive Simon Hudson says: “We are fortunate to have John on board. His experience and proven track record will strengthen our management team. If they prosper, then the group prospers. That is John's challenge.”
View more on these topicsNews
Mairs tale
As part of my examination of the important conditions that must be satisfied in securing exemption from tax on redundancy payments, last week I progressed to look at some of the case law and concessions that exist on this subject.A significant characteristic of a payment under the enhanced redundancy scheme was that it was to […]
Trust firm in warning on FSA exec plans
The FSA's proposals to update the corporate governance of investment trusts in the wake of the split-cap debacle will not have the desired effect, warns Trust Associates.The company says the proposals set out in CP164 on listing and conduct of business rules are well intentioned but will be counterproductive as many established practices which have […]
IMA slams IPPR Isa research
The Investment Management Association has slammed the Institute for Public Policy Research's call for the scrapping of Isas, saying its conclusions are misguided and its proposals unlikely to lead to increased saving amongst low earners. The IPPR says Isas have failed to penetrate those earning £10,000 to £15,600, but the IMA said Isas have continued […]
Insight aiming to revitalise tired Isas
Insight Investment is offering two Isas aimed at investors who want to revitalise underperforming portfolios or diversify their holdings.The Investment Focus plan offers income and growth options. Insight says the plan is suitable for experienced investors who want to review their investments and transfer underperforming Peps and Isas.The income option gives access to the Insight […]
Large-cap growth alpha thesis: seeking risk-adjusted excess returns
Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]
Newsletter
News and expert analysis straight to your inbox
Sign up
Preparing for an all-passive world
Despite being around since the 1970s, index tracker funds did not have much love from investors until a decade ago, when Lehman Brothers crashed along with many people’s faith in financiers. The popularity of passive funds grew steadily and they went from a negligible market share at the beginning of the millennium to making up […]
IFAs want more clarity on ESG products
IFAs want more clarity on environmental, social and governance investment products to be able to better communicate them to clients. A HSBC Global Asset Management survey of over 200 UK IFAs found that 57 per cent would like more ratings for ESG products. Concerns over diversity, human rights, consumer protection, and animal welfare are the […]
SJP poaches from fund manager for marketing hire
St James’s Place has hired Claire Blackwell as director of marketing from Newton Investment Management. Blackwell says: “We have a responsibility to continue to develop ourselves and our proposition in the interests of better financial outcomes for clients.” SJP shuns new CII exam in favour of in-house programmes She has held a variety of positions across the […]
Comments