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Simply Biz picks up from rivals

SimplyBiz has reached a a total of 1,200 member firms and 2,400 individual adv- isers in the three years since its launch.

It says it has also seen increased numbers of new members joining from Bankhall over the latter months of last year since management changes at Bankhall.

Managing director Ian Thorneycroft claims that firms joining from Bankhall say that service standards have been falling.

In 2005, it says 34 per cent of members joined from dir- ectly regulated entities, 17 per cent from Sesame, 15 per cent from Bankhall and Investment Strategies Limited and 3 per cent from BIA. Nineteen per cent joined from six other networks, with the numbers joining from these companies largely reflecting those firms’ market share.

SimplyBiz chief executive Ken Davy says: “There is not a single major company that we have not attracted members from.”

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