Sesame Bankhall returns to wealth advice
By
Sonia Rach
8
Sesame Bankhall Group is returning to wealth advice,
Mortgage Strategy sister title
Money Marketing has exclusively revealed.
In 2015, the group wound down its investment advice network and announced it would no longer offer support to wealth advisers.
This decision came after the group faced a number of pension misselling claims and fines from the FCA for failing to ensure investment advice was suitable.
Under the new structure, SBG was only operating as a network that supported protection and mortgage advisers.
However, in an interview with
Money Marketing, chairman John Cowan and chief executive officer Michele Golunska, reveal that SBG will be u-turning on this decision as part of a wider strategy to expand the business.