So, Sesame would have us believe that the exodus of members from their network is, in the main, a result of the network having “terminated” (what a choice of a word, underperforming IFAs.
Personally, I do not know of anyone “terminated' by Sesame for underperformance, whatever Sesame means by that. I do know of more than two dozen who have “terminated” Sesame as a result of poor service and poor value for money and gone elsewhere.
If I were running such a business, I would go away quietly, put my house in order and come back to the market with a sensibly priced, efficient offering that satisfied my customers' needs.
But then, of course, according to a Sesame comment, IFAs are not businesses, so what do I know? Perhaps I will put an ad in the paper: “IFA offers prospective clients mediocre service and high fees – come in and we will give you £7,500 to do business with us (read the small print).”