Bankhall unveils budget service for advisers

Bankhall has launched an entry-level service aimed at advisers looking for low-cost support.

Its ‘Foundation' package, available online, enables firms to have a basic level of support from Bankhall, with the ability to add on extra services. The package will also be exempt from VAT.

Nick Kelly, distribution managing director at Sesame Bankhall Group, said it was "impractical" for advisers to deal with FSA guidance alone in the run-up to RDR.

"We have now refined our proposition to enable more directly regulated firms to benefit from the compliance support and wide range of valuable services Bankhall can provide," said Kelly, pictured.

"Bankhall can alleviate the pressure by helping firms to understand emerging risks and how to manage them confidently, whilst also providing a range of additional services that can help boost revenue."

Mike Wilson, managing director at Francis Clark Financial Planning, worked with Bankhall when developing a strategy for RDR.

"The regulatory and economic challenges for IFA firms in today's tough market are well documented," he said.

"Bankhall's team of compliance experts have proved to be very valuable in ensuring that we are continually meeting our regulatory obligations and moving in the right direction."

The package brings Bankhall's total number of directly-authorised offerings to six.

All feature regulatory compliance, TCF reviews, file checks and audits, along with product and investment fund research.