Sesame attracts over 300 customers in 2009
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Sesame, part of the Sesame Bankhall Group, has reported that it has gained more than 300 new customers this year.
Ivan Martin, executive chairman of Sesame Bankhall, revealed the boost to member numbers in his opening speech at the Sesame symposium being held in Manchester today where some 500 delegates are in attendance.
Martin says that many customers have come from within the former Thinc network.
He says: “Sesame has continued to grow at a time where well-known players in the UK advice industry have contracted and even failed.
“It’s remarkable to think that businesses like Park Row, Money Portal, Network Data, GHL and Mortgage Broking Services Limited are no longer trading.
“And, regrettably, it seems likely that this financial crisis will claim even more casualties before it has ended.”
Martin went on to question the way the Financial Service Authority is looking to overhaul the financial advice sector via the Retail Distribution Review.
He says: “I say again to FSA “Under no circumstances should we contemplate a regime where experienced and competent advisers are lost to the market.”
He adds: “Today the agenda is not about the regulator’s timetable for change.
“It’s about the future of our profession and its reputation in the eyes of consumers.
“It’s about building a sustainable professional structure that is able to attract and nurture new entrants who are eager to develop a career and not just get a job.
“It’s about doing the right thing for generations to come and not simply to hit a deadline in three years’ time.”
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