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Sesame leads our Super League

Sesame is ranked the highest-earning IFA company, according to IMAS Corporate Advisers’ latest research.

Money Marketing reveals Sesame in pole position with turnover of 366m for the year ending May this year, down by 16 per cent from 436m in the previous year.

In a supplement enclosed in this week’s Money Marketing, Bankhall is placed second with turnover of 68.5m for the year ending December 2002 and Tenet Group with 57.1m for the year ending April 2003.

Bankhall joint chief executive Paul Hogarth contests the company’s placing, saying that if gross annualised commission is considered, then Bankhall is the leader.

The top five networks ranked by pre-tax profit are: Sesame, Bankhall, Berkeley Wodehouse Associates, Burns Anderson and the Falcon Group. IMAS looked at the accounts of 60 IFAs and 20 networks. Its findings show the top 11 networks reported revenues of 645m for 2003, a fall of 5 per cent from 682m in 2002.

Looking at the top 30 IFAs, Chase de Vere shows the greatest rise in revenue per employee with an increase of 36 per cent, followed by Millfield at 25 per cent but both IFAs reported losses.

Berkeley Berry Birch shows the fastest income growth, up by 90 per cent.

Sesame chief executive Patrick Gale says: “Sesame’s creation as a single entity and brand has provided a platform for strengthening our relationship with members.”

Axa Sun Life chief executive Paul Evans has brought the firm’s protection range to market on time and aims to offer flexibility to brokers but he thinks multi-ties are inevitable


Secret service

The protection business has been left reeling after the Financial Ombudsman Service refused to reveal details of a critical cover case.

Bee believes annuity rule set for KO

The House of Commons may have overturned the Lords’ vote against compulsory annuitisation at age 75 but the issue will take centre stage when the Pensions Commission delivers its final report says pension guru Steve Bee.

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]


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