Bradbury Hamilton predicts joint venture surge in run up to RDR and announces own JV with accountancy firm

Chartered financial planning firm Bradbury Hamilton has announced its partnership with accountancy firm Raffingers Stuart to form a joint venture, through the acquisition of 50 per cent of IFA Charter Mandell.
Bradbury Hamilton managing director Sheriar Bradbury, a veteran of the acquisition trail, predicts that joint ventures such as this deal with Raffingers Stuart, will be replicated market wide in the run up to RDR.
London-based Bradbury Hamilton will take responsibility for the branding and risk of Charter Mandell, a two strong adviser firm, based in Raffingers Stuart’s office in Woodford Green, Essex. Principal of Charter Mandell, Gary Mandell will take on the role of senior adviser and wealth manager for Bradbury Hamilton, while maintaining his presence at the Raffingers Stuart office. The agreement will allow Mandell to continue his close relationship with Raffinger Stuart as well as being freed up from the regulatory responsibilities of running an IFA. Mandell will also benefit from the extensive para-planning and administrative resources of Bradbury Hamilton.
Bradbury, managing director and principal of Bradbury Hamilton, said of the deal: “This joint venture is a prime example of how this type of profit share deal can benefit all parties, as RDR looms. Not only will Raffingers Stuart benefit from reduced risk and liability, whilst sharing the profits, we will be gaining two quality advisers, a healthy client book and business referral opportunities through Raffingers Stuart. 
“As more principals weigh up their options before RDR, joint ventures will seem an attractive route to go down. Most importantly, Charter Mandell clients will see their advisers benefit from fewer administrative pressures and so have more time to advise and address clients’ needs. This joint venture is a case study of how advisers can benefit from the change in circumstance that RDR will bring about. This will include helping advisers who are staying in the market to receive crucial new business flow through professional introductions.”
Gary Inglis, managing partner at Raffingers Stuart said: “As a top 100 accountancy firm we’ve recognised for some time that there is substantial scope for growth through our financial planning services and we’re confident that the joint venture with Bradbury Hamilton will help achieve this whilst at the same time giving our clients exceptional customer service.”
Gary Mandell, former principal of Charter Mandell said: “Through this joint venture not only will both companies be benefiting but our clients will be better serviced with more of our time dedicated to advising rather than running an IFA. We look forward to adopting Bradbury Hamilton’s systems and methodology.”