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Threesixty acquires stake in paraplanner firm

Phil Young threesixty 480

Support Services firm Threesixty has taken a 25 per cent stake in outsourced paraplanning business The Timebank.

The move sees Threesixty managing director Phil Young take a seat on The Timebank’s board.

Young (pictured) says: “We have been very supportive of the emerging paraplanning profession for some time so this is a natural step for us. Harnessing our compliance and technical expertise to The Timebank’s planning prowess is a very compelling proposition.”

The Timebank managing director Damian Davies says: “What is important to us is to innovate and so we are really looking forward to continuing to improve the delivery of paraplanning services to our clients.”

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Well done Damian, I have seen the work you have put into building the Timebank over the years and this is strong recognition of the quality of firm you have developed.

  2. Not to sure about that this may be a good move
    Since threesixty is 100% owned by Standard Life, does this not mean that Standard Life now owns 25% of Timebank?
    Surely paraplanning is an area where the risk of influence by product providers can not be accepted.

  3. Anonymous, I agree but you could argue the same about compliance support services and paraplanning is a natural extension of that.

    Good luck to both Damian and Phil with your new partnership.

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