The Securo programme
A succession programme for principals of advice firms who want to keep advising until they retire. You keep advising your clients, and Equity & General takes on compliance, paraplanning, administration and infrastructure.
A succession programme for principals of advice firms who want to keep advising until they retire. You keep advising your clients, and Equity & General takes on compliance, paraplanning, administration and infrastructure.
Running an advice firm means a governance manual, a professional indemnity renewal, technology bills, a backlog of file reviews and personal accountability under SM&CR, on top of the advice itself.
Under Securo you keep the advising and the ownership. Equity & General takes compliance oversight, paraplanning, administration and the technology underneath them.
Equity & General also agrees in writing at the start what happens when you decide to stop, so you know what happens to your clients and to your capital years before you act on either.
The name over the door stays the same and your clients see the same adviser. Four kinds of work move to Equity & General.
Handled by Equity & General’s compliance team.
Written by paraplanners who do nothing else.
New business, transfers, chasing providers and the valuation packs.
Provided and renewed by Equity & General.
Compliance, paraplanning, administration and infrastructure sit behind you.
You stay client-facing and in control of the timetable throughout.
Equity & General acquires your assets under management at no less than market value when you retire.
If we cannot agree terms, your clients are novated to a host of your choosing.
Planning with each client’s children and grandchildren keeps the families with the firm after you retire.
They reconnect with legacy clients and guide them back to you or your team for advice.
Ownership. Ownership stays with you when you join. The business stays yours until you decide to sell.
Your firm and its name. Your clients keep their adviser and your firm keeps its name.
A priced exit. The day-to-day support resembles an appointed representative arrangement, and Securo adds an exit price agreed in writing before you start.
The choice of host. If we cannot agree terms at the end, your clients are novated to a host of your choosing.
How the exit is agreed
You set the timetable for each stage, and you stay with your clients until the last.
Your business carries on as it is. Compliance, paraplanning, administration and infrastructure move across to Equity & General.
Trainee advisers work alongside you to reconnect with legacy clients and get reviews back on an annual cycle.
Clients meet the adviser who will look after them next, while you are still in the room.
On the date you choose, Equity & General acquires the assets under management at no less than market value.
Steven Bates, Director of Advisory at Equity & General, takes the first call with every adviser. Ring him on 020 8396 0486 or send a short note about your firm.