Oakwood, the Coventry-based IFA practice, is one of the largest independent firms in the Midlands with 30 advisers currently providing advice to over 4,500 clients. Oakwood has a projected turnover this year of over £2 million and is actively recruiting new IFAs to help it meet growing client demand.
By joining Paradigm Partners, Oakwood advisers will now have access to Paradigm’s range of support services including compliance services, investment management, the Paradigm Wrap – developed in conjunction with Nucleus Financial, and Paradigm Mortgage Services. All services are supported by the Paradigm IT Support Suite.
As a Paradigm Partner, Oakwood will be able to increase its annual recurring income and also build up an equity position with Paradigm.
Paul Hogarth, Senior Partner of Paradigm Partners: “We are delighted to welcome Oakwood to Paradigm Partners as our newest Partner members. To have an IFA intermediary firm with the pedigree of Oakwood joining Paradigm is a real boost and shows the strength of our proposition amongst those firms looking to increase both their income and capital. We believe we offer a number of unique benefits to our Partner firms including the real ability to add to their value chain in investments, mortgages and pensions while helping generate greater profit margins through our economies of scale. For ambitious firms such as Oakwood who are actively recruiting new advisers, Paradigm Partners delivers a transparent model that builds a capital asset which not only generates income but provides an additional way to retain and reward their registered individuals. We are looking forward to working with the Oakwood team to ensure they meet their ongoing business and recruitment targets.”
Jas Jaspal, Senior Partner at Oakwood Financial Management LLP, said: “Having known Paul for several years, we are looking forward, and are totally committed, to ensuring we get the relationship off to a great start. In the current climate we all need to ensure we make the most of all potential income and advice streams that surround us. There are many highly professional mortgage brokers in our industry that have to recognise the need to add further skills sets to their businesses. We at Oakwood can certainly open doors in this respect, and with Paradigm, I believe we can now deliver on a national scale. We hope to be talking to not just mortgage professionals looking to develop but also existing IFAs wishing to move their businesses forward.”
