The new organisation would like to clarify a number of points.
The new EMS organisation:
1. We are still strongly committed to the concept of offering Ethical advice to the public. The details and workings of this will be provided in the Client Service Charter (to be released shortly).
2. The new company is a shareholder organisation, not a franchise one. It is run by the advisers, for the benefit of them and their clients. As such we have negotiated excellent terms with Mortgage Next.
3. Steve Royal has made an initial investment but is not a director of the new organisation.
The new business model is radically different from the previous one. It is more sustainable, being designed to benefit from market conditions rather than fall foul of them.
