In one year Paradigm has grown to encompass over 420 directly authorised member firms including the provision of services for seven networks. The membership of Paradigm consists of approximately 1,500 Registered Individuals and Appointed Representatives. In terms of just its IFA membership, Paradigm’s aggregated fees and commissions exceed £100 million per annum, making it the sixth largest IFA entity in the UK.
Paradigm offers a true partnership model providing advisers and intermediaries with greater value and additional income from their case placement, together with a share in the equity of the partnership.
Throughout its first year of trading Paradigm has also built a series of additional support services for members including access to compliance support, sourcing systems and back-office software at a low cost. These opportunities are offered alongside a number of lender and provider panels covering sectors such as equity release, protection, GI, secured lending, bridging loans, commercial lending and conveyancing.
Bob Hunt, Chief Executive of Paradigm Mortgage Services, commented: “We are delighted to be able to celebrate Paradigm’s first year of trading with our members and partners. Paradigm has come a long way in our first 12 months and the development of our proposition, and the way it has been welcomed in the marketplace, has genuinely exceeded our expectations.
“We are particularly pleased to be bucking the trend of many of our competitors with revenues rising month on month despite market conditions. Paradigm has been launched at a time when we have experienced the toughest 12 months ever in the mortgage marketplace; to achieve this unprecedented success shows the strength of the proposition and the hard work and dedication of both Paradigm’s staff and all our partners – both members and providers.
“Having reached this phase in our development we will now push on by continuing to widen the support and business consultancy services we offer – maintaining our focus on creating value for both Paradigm members and the providers and lenders who support our business. We are looking forward to an improved marketplace and will keep spreading the message of the benefits to be gained by partnering up with Paradigm Mortgage Services.”
