Sandringham CEO to exit after M&G takeover

Sandringham CEO to exit after M&G takeover

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Tim Sargisson, CEO of Sandringham Companions, is to depart the monetary recommendation agency early subsequent 12 months.

Mr Sargisson has been CEO of Sandringham since 2015 and led the acquisition of the enterprise by M&G plc at the beginning of the 12 months.

M&G mentioned the remainder of the present administration of Sandringham will stay in place to ‘additional develop its progress technique’.

Following completion of the acquisition by M&G, Sandringham sits alongside M&G Wealth’s current recommendation, platform and funding companies and can proceed to function beneath the Sandringham model.

Huddersfield-based Sandringham at the moment has greater than 180 IFA companions and advises on belongings of greater than £2.5bn for over 10,000 purchasers.

Mr Sargisson mentioned: “I’ve been extremely proud to guide Sandringham. Our core focus has all the time been to assist, information and allow our companions to guard and improve the lives of our purchasers.

“We now have constantly been independently recognised as having vital ranges of shopper’s engagement and satisfaction scores in delivering glorious outcomes for our purchasers.

“I’m assured that, as a part of M&G, our companions will have the ability to enhance this focus sooner or later and proceed to significantly enrich our purchasers’ lives”.

David Montgomery, managing director of M&G Wealth, added that Mr Sargisson performed a ‘enormous half in making Sandringham such a beautiful and rising proposition’ for M&G to accumulate.

M&G Wealth was fashioned in September 2020 to broaden M&G’s pursuits within the recommendation and platform sector.

Sandringham is one in all a number of acquisitions made by M&G up to now this 12 months.

In February M&G plc acquired TCF Investments to offer mannequin portfolio providers (MPS) and in April 2022 added a brand new vary of six mannequin portfolios targeted on investing globally and incorporating ESG components in its funding course of.

Earlier this month M&G introduced that it was taking an preliminary 49.9% stake in nationwide IFA agency Continuum with a scheduled settlement in place to accumulate the rest over the next 2 years.

M&G plc is a world financial savings and funding enterprise and manages cash for about 5m retail prospects and greater than 800 institutional purchasers in 28 markets.






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