SimplyBiz chairman Ken Davy’s restricted national proposition Sandringham Financial Partners has launched this week after receiving FSA approval.
Money Marketing revealed Davy’s plans to launch the firm in May and the business received regulatory approval on Monday.
SimplyBiz is investing around £2m in the business.
Davy (pictured) says: “Sandringham is going to give experienced individuals the opportunity for a fresh start as they bring their skills and professionalism into an exciting new environment where they will be properly rewarded for providing a compliant and client-focused service.”
Sandringham managing director Steve Braidford says: “We are delighted that the launch day has arrived and that we can now bring our offering to the market. We have an excellent team in place and full confidence that the proposition is second to none.”