Professional Independent Wealth Advice (PIWA), a new advisory firm formed by ex-Abrdn advice director Neil Messenger, is to join the Sandringham Financial Partners network, part of M&G Wealth.
Messenger, who will be CEO, spent two years as advice director at Abrdn Financial Planning. Prior to that, he was a partner and National Head of Wealth Advisory with Grant Thornton for 17 years, providing wealth advice to private clients and companies.
Messenger is also seeking a further 16 advisers to join PIWA, who will all be stakeholders in the business.
Sandringham is a fast-growing provider of independent financial advice in the UK, with over 190 IFAs advising on assets of more than £3 billion for over 15,000 clients.
Messenger said: “I have seldom met an adviser who is not enthusiastic about their clients, but it can be challenging to fully support them and deliver the ‘wow’ factor to client service.
“We will enable our advisers to deliver a genuinely outstanding independent wealth advice experience, focused on collaboration, simplicity, accountability, trust, and client-centricity – values I see throughout Sandringham Partners.
“I also want to hear from motivated and passionate advisers who are excited to be stakeholders and part of PIWA. I believe that all our advisers should be stakeholders in the business.
“We have seen a significant amount of consolidation in the advice sector, with shareholders reaping the rewards from the value created by the advisers. I want to do things differently and believe advisers should share in the value created.
“We offer a flexible working environment, state-of-the-art technology, and ongoing training and development opportunities to ensure they will have the skills, knowledge, support, and all the time they need with their clients to succeed.
“Motivated talented advisers build trusted client relationships that last for many years.”
Sandringham MD Tim Grey said: “With over 30-years of experience in the financial services industry, and a fantastic reputation Neil has built teams of advisers enthusiastic about providing an exceptional client experience.
“We continue to grow the number of advisers in Sandringham, with the support of M&G Wealth, and I am delighted that PIWA, with our shared client-centric values, is joining us.”