View more on these topics

Murrell quitting Bankhall to join Hogarth start-up

Bankhall sales director Tony Murrell is leaving after 10 years at the firm and is set to be reunited with former boss Paul Hogarth at his new company, Paradigm Partners.

Murrell will take joint responsibility for adviser recruitment alongside Leigh Cobb, who was also formerly at Bankhall as operations manager at Portfolio Member Services.

Hogarth says Paradigm, which launches this week, targeted both Murrell and Cobb because he believes they were responsible for recruiting at least 70 per cent of Bankhall’s membership.

Murrell is on a six-month notice period but it is unknown at this point if he will stay on or take gardening leave.

Hogarth says: “Tony is excellent. He has always been seen as an asset to Bankhall. Traditional support service businesses are all about compliance and the cost of that. But, as margins decrease, it leads to service provision being all about cost but there is so much more to it than that.”

Wilson Dean Financial Services director Nick Lincoln says: “He has always been a very inspiring person and it is sad to see him go.”

Both Murrell and Bankhall declined to comment.


New Star 300m for shareholders

New Star is looking at returning 300m to shareholders in a move that would see founder John Duffield get 60m from his 20 per cent holding. This follows strong profit growth and a lack of acquisition targets. The firm has got regulatory approval for an onshore version of its international direct commercial property fund after […]

Sainsbury’s Bank becomes joint venture with HBOS

HBOS has bought an additional 5 per cent of the shareholding in Sainsbury’s Bank for £21m bringing its total ownership to 50 per cent.Sainsbury’s Bank which began trading in February 1997 is now a 50:50 joint venture between HBOS and J Sainsbury.Previously, the ownership structure was 55 per cent Sainsbury’s and 45 per cent HBOS.The […]

DL&P system being used by 142 firms

Direct Life & Pensions says its Intelligent Protection system is being used by 142 adviser firms, including John Charcol, Alexander Hall and Burns Anderson, a year after launch. DL&P is also negotiating with Sesame to offer the system to its members.

Cann says new players waiting to see if Towry’s fee plan works

Institute of Financial Planning chief executive Nick Cann says new major distribution players with venture capital backing look set to emerge in the near future if JS&P Towry Law’s fee-based remuneration structure is successful.Cann believes City investors are looking closely to see if a genuine fee-based wealth management firm can work on a large scale […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm