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Displaying items by tag: Brian Talbot

Tuesday, 23 July 2019 10:46

Talbot and Muir boosts assets and SIPPs

SIPPs and SSAS firm Talbot and Muir has boosted assets and SIPPs.

The results for the half year to 30 June revealed continued growth with an 18% increase in new SIPP cases and a 58% increase in SSAS cases for the same period in 2018.

Meanwhile, assets under administration increased to £2.86bn and projected current year EBITDA was £1.8m with a 20% increase in the number of advisers using the firm.

Recurring income now represents 88% of turnover.
 
The firm says the SIPP and SSAS sector continues to be competitive with advisers using them for not only their complex cases but also for single asset or DFM options.

Despite the change of direction of some SIPP providers towards the platform market, Talbot and Muir says it is benefiting from “the vacuum left behind” and has benefited from a “growing number of Introducers who prefer the open architecture and personal service of a ‘pure SIPP’ which is often a cheaper solution than offered via a platform”.
 


Brian Talbot, director, Talbot and Muir, said: “We pride ourselves on our service and the value of our products and unlike some of our larger competitors we are making a genuine profit.

“We believe that the SIPP and SSAS sector will continue to grow but that there is likely to be more consolidation and we remain acquisitive for good quality books of business that will enhance our position as a leading independent provider.
 
“We have doubled the size of our office space, having recently moved to a new 10,000 square feet office within Nottingham city centre.   

“The new space is contemporary, open-plan and will enable us to continue growing as we appoint new staff to ensure service levels are maintained.  

“We are upgrading our back office systems with Delta which will continue to improve the portal functionality and client/adviser reporting that we offer.
 
“There has been a 20% increase in the number of new advisers using us for the first time as they look to review their SIPP and SSAS administrators to ensure they remain committed to the market and are continuing to innovate and invest in their businesses.”
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SIPPs and SSAS firm Talbot and Muir has boosted assets by 26%, its latest annual results have revealed.
Published in Articles
Monday, 23 April 2018 11:48

SIPP firm announces new website enhancement

SIPP and SSAS firm Talbot and Muir has announced a new suite of website upgrades to aid advisers.
Published in Articles
Tuesday, 10 April 2018 10:59

SIPPs firm celebrates 25th anniversary

Talbot and Muir, SIPP and SSAS firm, was celebrating its 25th anniversary as assets under administration hit £2.5bn. 
Published in Articles
Thursday, 19 October 2017 13:01

Talbot and Muir calls for NSIs to be disclosed

Talbot and Muir, the SIPP and SSAS provider, has called on Sipp firms to do more to reveal their exposure to non-standard investments (NSIs).
Published in Articles
Tuesday, 29 August 2017 10:57

Talbot and Muir set to merge SIPP and SSAS arms

Talbot and Muir will merge its SIPP and SSAS businesses from October after receiving FCA approval.
Published in Articles

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