Sesame Bankhall Group has hired David Wright to launch an exit consulting service for advisers looking to sell their business.
Wright joins from global reinsurance firm Compre Group, where he held the role of senior mergers and acquisitions associate.
Before this he was a mergers and acquisitions associate at independent chartered financial planning and investment management group One Four Nine Group.
Earlier in his career, Wright spent four years at Ernst & Young.
He will report to PMS and Bankhall director Claire Cherrington.
His appointment comes as SBG prepares to launch an exit consulting proposition aimed at supporting directly authorised advice firms to prepare for a sale and identify the right buyers.
Cherrington says: “We’re delighted to welcome David.
“He brings a wealth of experience in M&A, succession planning, and financial services and joins our team as we prepare to launch a brand-new service for firms thinking about a potential exit.
“Our new exit consulting proposition is designed to support independent financial adviser business owners who are considering a sale – whether that’s in the next 12 months or five years away.
“David will be working side-by-side with firms, helping them get sale-ready, grow the right way, and maximise their business value.
“With an extensive directly authorised client base through PMS Mortgage Club and Bankhall, SBG is uniquely positioned to support firms navigating their next step.
“We’re committed to bringing together deep industry knowledge and hands-on support to help owners take control of their exit on their terms.”
Wright says: “It’s a great time to be joining SBG as the business expands its support for directly authorised firms. There’s huge demand from both buyers and sellers – but many IFA firms aren’t prepared for a sale, which can limit their value and options.
“Our exit consulting proposition is different because we’ll be working directly with sellers – helping them maximise the value of their business through a targeted action plan focusing on areas such profitability, quality of data and compliance – before ultimately presenting a business that’s attractive and aligned to the right buyer.”
