Member Article

Macbeth Launches New Financial Services Venture

Reading 25th March 2014: Macbeth, one of the Thames Valley’s fastest growing independent insurance brokers, has announced the launch of Macbeth Financial Services Ltd (MFS) to complement their existing group services, bringing a comprehensive new independent financial services offering to the region.

MFS comprises a range of services tailored to businesses and private clients and will include investments, retirement planning and financial protection. Employee benefits will also be an area of specialism for the new proposition, headed up by Simon Claxton, an independent financial adviser with 30 years’ experience advising businesses and high net worth individuals. Macbeth clients can now access an enhanced, seamless service, integrating insurance requirements with tailored financial solutions.

An identified gap in the market for a well-established, comprehensive IFA offering coupled with a growing demand for more specialist advice on financial matters from their client base gave rise for Macbeth to develop the concept for MFS. The new venture comes a year after the Retail Distribution Review, the FCA’s flagship initiative regulating financial advisers; the fall-out of this was many IFAs exiting the market due to a lack of qualifications.

Paul Macbeth comments, “We’ve been looking to launch a financial services business for several years but finding the right partner, with the right values and quality was essential. This is very much a natural extension of the Macbeth proposition and what our brand stands for – exceptional client service and traditional professionalism combined with entrepreneurialism. In the post RDR-world, having the very best in the industry is key; we have that in Simon and our team. With the shift in the economy, more clients are looking at their long-term financial needs; Macbeth Financial Services can bring that vital quality of trusted, honest and independent advice.”

Core to Macbeth Financial Services’ offer will be its advice/fee structure for all pension and investment related support. This transparent pricing brings a fresh approach to the more common industry product/commission based process, providing a transparent, more competitive way of working.

“We’re product-agnostic,” Simon Claxton explains, “The value that MFS brings is in our advice, and our honest approach. Our new company is about giving our clients the best solution for their needs, and isn’t led by a product. Having worked with Paul and his team strategically in the past, I find their energy and enthusiasm inspiring. I’m thrilled to be part of this exciting new venture, one we believe has a long-term benefit for our clients in the Thames Valley and beyond.”

For more information on Macbeth Financial Services, please visit www.macbeths.co.uk.

This was posted in Bdaily's Members' News section by Macbeth Insurance .