
Employees at Cheshire-based Wiseone mortgage brokers have bought out the firm’s co-founders.
Tim Rigden and Paul Newbold established the directly-authorised firm a quarter of a century ago.
Newbold is set to retire this month and Rigden will continue leading the business, supported by a newly-appointed team of directors.
Rigden and Newbold sold their shares to an employment ownership trust in October last year, meaning the business is now owned by its staff.
Wiseone will continue to operate as a DA and part of TMA Club, which awarded the firm New Build Broker of the year in 2025.
Rigden says: “It’s been an incredible 25 years working alongside Paul, building Wiseone into the successful firm it is today.
“His dedication and expertise have been instrumental in our journey.
“While we’ll certainly miss his presence, we have been meticulously planning this transition, ensuring a smooth handover and reallocation of roles and responsibilities within our team.”
Of the new ownership structure, he says: “It truly empowers our staff and ensures that everyone is invested in our collective success.”
TMA Club head of sales Sarah Evans says: “We wish Paul all the very best. It’s been a pleasure working alongside him and the team and we are excited about their future following this new approach.
“It truly reflects the core values of Tim and Paul, who have consistently put customers and staff at the forefront of every decision.”