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Ken Davy’s Sandringham reveals member fees

Steve Braidford Sandringham 2012
Steve Braidford

SimplyBiz chairman Ken Davy’s restricted national proposition Sandringham Financial Partners has confirmed its pricing structure.

The charging model sees founding partners of Sandringham charged 15 per cent of their turnover up to £100,000 and 5 per cent above that level.

The charge includes professional indemnity cover and FSA fees and professional body membership fees. Sandringham says the professional body will be decided by the end of the year.

Sandringham managing director Steve Braidford says: “We have worked hard to ensure our pricing structure is as low as we could possibly make it whilst including all the elements of the proposition.”

Davy says: “A partner of Sandringham will benefit from significantly lower costs than alternative offerings in the market. Even more importantly Founding Partners will have the opportunity to be much more profitable because of the client focussed framework they will be able to deliver to their clients.”

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  1. So in an era of shrinking revenues, client banks etc another (psuedo) network offers a great deal to IFAs – aye, right.

    Me thinks Ken needs to boost his pension more like.

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