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Sesame set for network boost

Sesame says it expects to gain around 250 of the two Thinc networks’ 290 members after Bluefin Advisory Services announced it is closing both networks.

Bluefin has struck a deal with Sesame to provide its members with fast-tracked access to Sesame’s offering.

Sesame sales and marketing director Stephen Young says the package that has been put together for transferring members is “compelling”.

He says: “Thinc members will continue to receive commission and we will continue any loans and incentives they currently have. We will be pleased if 250 Thinc members transfer to Sesame – we can certainly cope with 250 new members. We would be extremely disappointed if less than 200 move across.”

Thinc Network Services and Thinc Assured Network, which have 149 member firms with around 290 individual advisers, were not rebranded in January as part of the Bluefin launch.

Bluefin says the decision to close its networks follows a review that found providing services to businesses that do not carry its brand no longer aligns with its development strategy.

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