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Sesame deal to strengthen IFA offering, says Bankhall

Bankhall is positive about the offer made by Sesame for the business and says the combined entity will enhance the services available to IFAs.

Bankhall says firms will have to spend more time on remunerative activities, qualifications and business transformation and a tie-up with Sesame will ensure scale and financial strength to invest in new initiatives to address these challenges.

Its comments follow the revelation uncovered by Money Marketing (yesterday) that PMS managing director John Malone is understood to be furious at not being consulted on the proposed acquisition of Bankhall and that he is thought to be planning to leave the firm.

Bankhall managing director of IFA services David Golder says: “The magnitude of Bankhall and Sesame’s combined scale could provide unparalleled benefits for financial intermediaries. Bankhall has always been able to negotiate aggregated benefits for its membership but the power that the combined organisation will bring means that even better commercial terms will be achievable.

“In addition, the resource potential of the combined organisation will make it a leader in its support for IFAs who wish their businesses to thrive up to and beyond 2012”.


New venture for ex-Insight staff

Former Insight Investment multi-managers Patrick Armstrong, Ana Cukic Armstrong and Toby Hayes are launching Ucits III multi-asset funds and a qualified investor fund range for their new venture, Armstrong Investment Management.


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There is one comment at the moment, we would love to hear your opinion too.

  1. A gambling man 2nd July 2009 at 5:52 pm

    A quid?
    Same price as one go on Lotto. Difficult choice to make… I could add 50p and buy a Euromillions ticket instead, what the heck, I’ll spalsh out on one of those.

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