Broadstone reports a bumper first year in business

Broadstone Pensions & Investments Ltd, the pensions advice and investments solutions provider, announces strong growth since launching in May 2011, winning over 97 corporate new projects in its first year. The company has also established some forums to discuss key industry issues.

The London-based company, formerly known as BDO Investment Management Ltd, was established to bridge the gap that has been created between those who offer financial advice and those who seek it.

Key highlights from the first year include:

  • The appointments of key personnel, including:
    • Robert Keeler from Close Brothers who joined as Chief Finance and Operations Officer to lead Finance, Operations and IT
    • Fiona Stockwell from Close Brothers who joined as a Director to lead Legal, Compliance, Risk and HR
    • Bernadette Briggenshaw from Aviva who joined as Pensions Manager within the DC pensions team
    • Sheena Freestone from P-Solve who joined as Investment Consulting Director
    • Richard Doig from Mercer who joined as Corporate Benefits Director to lead the corporate business development team
    • Zane Hunter from Towry who joined as Private Client Partner based in Glasgow
    • Jason Morris from Alexander Forbes who joined as Private Client Partner based in Manchester
  • Establishment of a Chair of Trustees Forum to provide an engaging environment for Trustees to discuss the challenges they face in running DB schemes
  • Establishment of a HR Directors’ Forum
  • Establishment and introduction of Life planning to our clients. This new way of working has enabled private clients to understand and visualise how they can achieve their goals, be that planning for retirement, school fees planning or any of the other myriad goals that clients want to plan for.
  • Increased take up of our discretionary management through our clients and new engagements.
  • Have continued the work on our private client business to make it ready for the changes that are going to be brought about by the Retail Distribution Review. We are now ideally placed to be one of the leading independent, fee based financial planning practices in January 2013, and we welcome the changes that are coming. The changes brought about by the RDR represent the death of the financial planning industry and the birth of the profession.

Mark Howlett, Chief Executive at BROADSTONE said: “Since relaunching in May 2011 as BROADSTONE, we have been continuously expanding through the appointment of key hires and an influx of new projects. To have been appointed by almost 100 new projects in our first year is an excellent achievement and one that can be attributed to the high calibre of staff we have here at BROADSTONE.

“The onus hasn’t only been on bringing in new clients, but on maintaining a first-rate client service. We have been working hard to achieve this goal by re-engineering our client listening programme and the establishment of the HR Directors and Chair of Trustees forums. We now have the perfect foundation to continue to expand the business with plans to acquire other businesses in the near future while continuing to offer clients the solutions they require.”

Mark Howlett

Chief Executive