The group has cemented its position as one of the UK’s largest providers of compliance and business support to IFA firms by growing to a membership of 1000 firms and 2400 advisers in a record 30 months.
Ken Davy, Chairman of SimplyBiz, commented:
“Surpassing the 1000 firm milestone is a terrific achievement and a testament to all of the hard work our staff have put in since our launch. SimplyBiz has rapidly developed into a major force within the financial services sector and in the process we have helped member firms save literally millions of pounds they would otherwise have had to spend on network or other support charges. Given our growth, the recommendations we are receiving and the particularly encouraging feedback from the Henry Samuels report it looks as if we are delivering the vital compliance support our member firms need. This works not only to their benefit but also to the benefit of their clients and the regulators.”
In addition to compliance services SimplyBiz provide business development and marketing support accompanied by a unique lifetime guarantee for current members not to charge any more than 2.5% +VAT for the core services. Whilst SimplyBiz have a number of quite large member firms the typical member is the 1 to 4 person practice.”
Managing Director Ian Thorneycroft added:
“We are proud to champion the cause of the smaller practice and by delivering a high quality compliance service at a ground breaking price we are helping each of our member firms to be compliant and successful.”
The staff held an impromptu celebration consisting of bubbly and strawberries & cream at the SimplyBiz Huddersfield offices when the 1000 application was received from Mark Pedley of Hammond McNulty Wealth Management Ltd. A full celebration is to be held at Doncaster Races on the evening of 14th July.
Notes to the editor:
SimplyBiz Services plc provides compliance support, technical assistance, business support and access to an exclusive PII scheme for just 2.5% of a firm’s turnover. SimplyBiz Services, based in Huddersfield, launched at the end of 2002 with the aim of supporting small to medium sized firms who wish to operate on a directly regulated basis.
SimplyBiz Chairman Ken Davy previously created the network concept in 1983 and went on to build the UK’s largest network of independent financial advisers.
Ken is active in industry affairs, having been a founding director of the Association of Independent Financial Advisers, Board member of the PIA, Deputy Chairman of IFA Promotion and President of the Life Insurance Association.
Ken Davy is also the chairman of Super League rugby club, Huddersfield Giants and Huddersfield Town FC, both of whom play at the Galpharm Stadium and Conference Centre, of which Mr Davy is the majority shareholder.
