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Bankhall programme to help advisers build profits

Phil Billingham Partnership will work with Bankhall members to help them to build profitable and sustainable businesses, as part of a new deal announced today (5 November).

A business development programme is to be rolled out to Bankhall firms in phases throughout 2015, beginning with a series of events on the future of financial advice.

The initial sessions, run across the UK, will focus on how business models are evolving in light of factors such as independent and restricted advice, corporate structures, increasing profitability and stability.

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Stephen Gazard, managing director of Sesame Bankhall Group, said: “The comprehensive support already rolled-out by Bankhall has helped firms to adapt their business models for the post-RDR world.

“However, it is clear from our conversations with advisers that the challenge of moving from transaction-based sales to a relationship model requires a considerable change in mind-set.”

Phil Billingham, director of PBP, said: “We are very pleased to be working with Bankhall. Many firms are now looking at their businesses and reviewing the way they operate.

“With our combined practical experience this will add considerable value to Bankhall member firms and ensure they are fully prepared for the future.”

emma.hughes@ft.com