Personal Touch Financial Services is moving from a regional appointed rep model to an employed model ahead of the RDR and mortgage market review.
The network, which has around 1,000 firms, is to replace its outsourced model of 16 regional hubs, which mostly operate as ARs, with 10 regional centres structured on an employed basis.
Individual broker firms will continue to operate as appointed reps of PTFS under this structure which will come into force early next year.
A regional manager will oversee each region, with each manager reporting to the newly created position of head of sales development, which the firm is recruiting for. A training and competence team will work alongside each manager.
The 16 regional sales centres currently deliver the network’s training and competence scheme, alongside support and development. They are responsible for recruitment of new members.
PTFS chief executive Doug Crawford says: “Firms are looking to us for more technical support, more training and more consultancy. This new structure will allow us to provide a greater level of support through a more controlled and co-ordinated delivery.”