Wealth manager Quilter is developing a new adviser model called ‘Quilter Partners’.
It is a franchise-style model where firms will operate under a co-branded arrangement and use Quilter’s investment and platform propositions while still maintaining an owner-operated business model.
Quilter will support their business growth and ensure continuity of advice for their clients when they decide to retire or exit.
The new model will complement the existing business and provide a different option for adviser firms within Quilter’s existing advice network.
Steve Gazard, chief distribution officer at Quilter, said: “The pilot of Quilter Partners shows our commitment to offering the widest range of advice models across the market. It joins our existing Practice Buy Out and Management Buy Out options for firms and means advisers can work with us in whatever form best suits them.
“We have already signed up a number of founder firms to work with us on developing this proposition and we expect to add more later this year as we develop this initiative into a full commercial proposition.”