Paradigm Partners chief executive Paul Hogarth’s latest venture opened last week with the former Bankhall supremo offering advisers a 50/50 split of all future earnings from assets held on its platform.
Advisers can get 50 per cent of all income from investments shifted on to its platform and mortgage business carried out through its Mortgage Services arm. Paradigm will offer technology, marketing, compliance and support services. Advisers’ income will be held in a cash account, which can be drawn down on an annual basis.
The plan is eventually to sell or float the firm, with advisers getting equity dependent on business placed. The platform intends to migrate to a full wrap.
Paradigm Asset Management will offer access to on and offshore bonds, pensions and Sipps. It has teamed up with F&C for fund of funds and GHC for client portfolio management.
Paradigm Mortgage Services will feature exclusive products from a range of lenders.
Hogarth says: “By bringing more of the value chain towards the IFA, it is offering advisers the chance to build up value in their businesses. We had to offer more than just compliance and we feel we have done just that but there is far more to come.”