Sandingham's partner numbers up 25%

Sandingham's partner numbers up 25%

Sandringham Financial Partners saw a 25 per cent increase in partner numbers during 2016, alongside an increase of 25 per cent in the average income per partner.

In the last quarter of 2016 total partner income was 63 per cent more compared with the same quarter in the previous year.

Tim Sargisson, chief executive of Sandringham, said: “2016 represented another year of great progress for Sandringham.

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“Despite the challenges in the UK economy and the increasing regulatory demands faced by our industry, we have grown our partner numbers and, by providing enhanced support, have significantly increased the average income generated per adviser.

“We are working closely with our partners to help prepare successful business plans for the year ahead and will continue to strengthen the Sandringham offering to ensure our advisers are able to deliver improved services to their clients and demonstrate the immense value of professional impartial financial advice.”

In early 2016 the company made considerable investment into its IT infrastructure, as well as developing its suite of benefits and support provided to partners.

These developments have helped reduce both time and costs for Sandringham advisers, contributing to the increase in income per capita.

Last month Mr Sargisson said he is looking at providing Skype accounts and an app for Sandringham’s advisers.

He said this would mean advisers no longer had to waste time visiting their clients and would allow them to engage younger clients.