Schroders Group subsidiary Benchmark Capital has appointed Tim Sargisson as managing director of financial planning, subject to Financial Conduct Authority (FCA) approval.
Sargisson will replace Peter O’Sullivan, who is retiring after a 36-year career in financial planning, the last six with the Schroders group.
He was chief executive of IFA firm Sandringham Financial Partners, until it was sold to M&G Wealth.
Sargisson will oversee Benchmark’s financial planning business as it continues to build a presence across the UK through succession planning options and organic growth.
Ed Dymott, managing director of wealth, Benchmark, said: “Tim will be a great addition to our team and I’m really looking forward to working with him to grow our financial planning business. We are rapidly growing our national footprint and Tim will now lead that part of our business.”
“Our proposition is resonating strongly in the market, and our financial planning business has provided over 40 firms options for their succession planning. We have our best-ever pipeline of advisers wanting to join Benchmark for a secure and long-term home for their clients through our succession planning options which include an exit into our financial planning arm.”
Sargisson added: “‘I’m really looking forward to joining Benchmark and working alongside the outstanding team there. Over the last seven years, as their client, I’ve worked closely with them and seen first-hand their professionalism and commitment to the adviser community and the delivery of excellent client outcomes through the power of technology. To now be part of that is something special.”
This comes several months after Benchmark Capital completed the acquisition of Strabane-based Kennedy Independent Financial Advice (KFA) for an undisclosed sum.
