PTI is building a UK wide Financial Services Supermarket comprising a network of up to 500 regional superstores or branches, These will bring together intermediaries with different areas of financial services expertise into solicitor-style practices to offer the public a one stop financial services shop.
These branches will be owned and controlled by the ARs setting them up.
The PTI FSA proposition – which is Fees Free for Mortgage and General Insurance business, including Health Care - comprises four options:
Option 1. Evolve a supermarket branch. Aimed at larger intermediary firms.
Option 2. Become an RI of a supermarket branch. Aimed at small to medium intermediaries who would benefit from the support of a branch, including administration and compliance support, lead generation and marketing support, office premises, etc.
Option 3. Form a branch partnership with other intermediaries. For intermediaries looking to amalgamate into a larger business.
Option 4. Specialist sole trader. For successful sole traders who wish to stay that way but make use of the benefits of a network.
PTI Managing Director, Mike Allison, says: “We have devised a unique business model for intermediaries which offers a comprehensive package of support services and an unrivalled choice of products but leaves the intermediaries in control of their own business. The strength of this approach is that the growth of PTI and our ARs is a mutually reinforcing process.”
The PTI proposition comprises a number of generic benefits which include:
•Access to the whole marketplace. PTI does not operate panels of product providers.
•ARs retain full ownership of their clients and renewals for life.
•PTI pays top commissions and procuration fees.
•ARs own and control their business.
•Access to the web-based new state of the art client and business administration system, the PTI Dashboard.
•Full access to product sourcing systems.
•Fees free proposition for Mortgages, Protection and GI business, including Health Care.
•Competitive rates for Investment, Pensions, and Long term Care products.
•Full training and compliance package, including PI cover.
•Business development support.
•Direct dealings with providers and lenders.
