Former Wentworth Rose founding director Philip Rose is looking to set up a new IFA firm following a two-year break travelling round the world.
Rose says he hopes to set up a new firm over the next few months and will concentrate on creating “state of the art” IT systems, building value from funds under management and strongly incorporating treating customers fairly.
Wentworth Rose was set up by Rose and Ray Peyre in 1989 and established a name in the at-retirement market in the late 1990s with annuity service deals with the Telegraph, Mirror and Scotsman newspapers.
In June 2002, Aegon bought a 50 per cent stake in the firm and in April 2004 it bought the remaining half.
Rose stepped down as chairman when Aegon bought the remaining stake with chief executive Tudor Taylor taking over.
Wentworth Rose was later rebranded as Origen, along with a number of other Aegon-owned IFA firms.
Rose says: “I cannot stay on holiday for the rest of my life. I have spent nine months looking at the industry. I am not quite sure which area of the market we will focus on but I will be setting up a new model firm.”