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Sesame Bankhall to launch new directly authorised service

Stephen Gazard SBG MD 700

Sesame Bankhall is to launch a new service for directly authorised advice firms joining the group, Money Marketing can reveal.

Bankhall Pathway will go live in the coming weeks and will work in partnership with Distribution Technology on investments and professional indemnity broker Howden. It will also use Intelliflo’s business management system Intelligent Office.

In October Money Marketing revealed the group was trying to exit a 10-year contract with Iress that saw it promote the provider through Sesame, the group’s network that has now closed for investment advisers.

A new head of client proposition for Bankhall will start work on 1 May but the firm would not give a name.

Existing tiered support services have also been rebranded as Bankhall Assist, Bankhall Orbit and Bankhall Signature.

Following the decision to stop offering investment advice through Sesame, member firms had a July 2015 deadline to leave the network, become directly authorised as part of Bankhall, or move to network partner Intrinsic.

Sesame Bankhall managing director Stephen Gazard says: “We’ve been looking at the propositions we offer and been through a full client segmentation process over the last two months.

“The new Pathway service has been driven by the appointed representative to directly authorised transition from Sesame and other network members. Those joining us sometimes have nothing and this is our solution.”

Advisers will have access to fact finding, risk profiling, research and PI insurance and will qualify for discounts on other services.

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. New restricted service???? I was under the impression that thy have always been restricted – very.

  2. Harry. Just to be clear this is a Bankhall (not Sesame) proposition for the directly authorised model supporting IFAs by integrating and linking compliance services, technology solutions and PI insurance. It is not provider panel ‘restricted’ in any way, shape or form … original headline was unfortunate and you will note has now been changed. Regards.

  3. And I can confirm it’s one of our Regional Sales Managers, Brod Whiting, who is the mystery new joiner.

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