View more on these topics

Worldwide on track to top 50 with Tudor buy

Worldwide Financial Planning has bought Tudor Investment Services, an IFA business within the Burns Anderson Network.

Tudor Investment Services will trade for the next year under the name Tudor Worldwide and will operate from the Worldwide offices in Worcestershire.

Tudor was set up in 1999 by financial adviser David Hobbs who specialises in investment work and deals mainly with high-net-worth clients. He brings an administrative team of three and over 1,000 clients with him to Worldwide. Tudor&#39s annual turnover is approaching £400,000.

Worldwide now has 40 advisers dealing with life, pensions and mortgages. It says it is on target to achieve £3m gross turnover by the end of this year, which would be a 500 per cent increase on 12 months ago. The firm was set up in 1998 and is based in Truro, Cornwall. It now has seven offices with support staff of 20.

Worldwide chairman Andrew Bedford says he is in close talks with other firms and individuals as part of the operation&#39s plan to expand and increase its pool of expertise. He says: “I expect to complete a further major deal by the end of this year.”

Worldwide managing director Peter McGahan says: “IFAs of our size have to grow both gross revenue and profits to continue to provide excellent service and advice to clients. Worldwide is on track to be one of the top 50 IFA businesses by gross turnover and profits within the next two years.”

Tudor principal David Hobbs says: “Tudor are a close, successful team but we needed to get some economies of scale and Worldwide can provide that for us and our clients.”


Julian Gibbs

A very interesting new product from Keydata – the defined growth plan – gives 52 per cent growth over five years, equivalent to 10.4 per cent simple interest a year, even if the FTSE 100 index does not go up over that period. The plan also pays out this growth if the FTSE 100 falls […]

AIFA&#39s View

I am not going to get into “so fare-well then” mode just yet. I am still too busy and have plenty of loose ends to tidy up, FSCS costs and cross-subsidies, for example. I was glad to see in last week&#39s Money Marketing that there is a hint of FSA contrition about the scale of […]

Progress for pensions

The new Secretary of State for Work and Pensions Alan Johnson has asked the savings industry for its views on how to get people saving again. This is the best start to his tenure that he could have made. Johnson already seems to be carrying some weight of expectation of a change in direction. A […]

FTBs are buying abroad to build up deposit for UK property purchase

First-time buyers frustrated with soaring prices in the UK housing market are turning to overseas property, according to Datamonitor. A Datamonitor report has revealed that some FTBs are buying property in Spain, France, the Caribbean and Eastern Europe in the belief that returns on their investment will help towards a deposit for a UK property. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm