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Sandringham could delay Aim listing as firm eyes adviser growth


National restricted advice firm Sandringham Financial Planners wants to grow the business by a further 60 adviser members as it hints a planned Alternative Investment Market listing may take longer than expected.

Speaking to Money Marketing, Sandringham chief executive Tim Sargisson says the business brought 50 new advisers on board this year and will finish 2016 with 180 advisers.

Sargisson, a former James Hay managing director, says he wants to grow Sandringham to having around 240 advisers. He says: “I look at it being a boutique business as opposed to some of the nationals.”

Sargisson says the business is still considering floating on Aim, but he says the listing is unlikely to be within three years, as first suggested by chairman Barry Kayes last year.

Sargisson says: “Five years is a more realistic timeframe.”

Kayes told Money Marketing last July that three or four years would give the national a “critical mass” of partner firms.

Though the majority of its partner firms are one-man bands, Kayes said Sandringham had larger groups of appointed representatives on its radar for acquisition.

Sandringham was founded by SimplyBiz chairman Ken Davy in 2012, with £2m of funding coming from SimplyBiz. Sargisson joined the business in July 2015.

Sargisson says he wants to position working as a “restricted” adviser as reducing some of the risks associated with running an advice business.



Sandringham eyes stock market listing

National restricted advice firm Sandringham Financial Planners is eyeing a listing on the Alternative Investment Market, Money Marketing can reveal. New chairman Barry Kayes says an Aim listing “three or four years down the line” will be the “direction of travel” once the firm has reached “critical mass”. The former Tenet chairman says Sandringham’s objective is to […]


Ex-James Hay boss Sargisson appointed Sandringham chief exec

National advice firm Sandringham Financial Partners has appointed former James Hay managing director Tim Sargisson as its new chief executive. Sargisson, who takes up the role from August, was previously chief executive at IFG Financial Services, the parent company of platform pension provider James Hay. Last month Sandringham appointed former Tenet chair Barry Kayes as […]

Sandringham launches auto-enrolment consultancy

Sandringham Financial Partners has launched an auto-enrolment consultancy. The firm’s auto-enrolment partners will work on a consultancy basis, advising on and implementing businesses’ auto-enrolment needs. The service is targeted at SMEs who are yet to stage. Partners will work with a panel of providers including Royal London, Nest, Aviva, The People’s Pension and Now: Pensions. […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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