Financial strength couldn’t be more important.
You may have seen recent media coverage on our continued growth, these financial results are as a result of the working relationship that we have with you. We have seen a 12% increase in new SIPP cases for the 12 months to 30 June 2018, assets under administration have risen to £2.65bn with projected EBITDA for the year of £1.7m.
We remain bullish about the prospects for growth in the self invested market and will continue to take a cautious approach so that we don’t suffer the issues that some of our competitors have.
Financial strength is important to you and your clients and that is why, despite being an independent owner managed business, we issue financial data. Only 11.6% of Talbot and Muir’s SIPPs hold a non standard investment (NSI) and if you exclude fixed term deposits of more than 30 days and direct holdings in UK commercial property, the percentage comes down to just 6%.
We provide cradle to grave, hands on administration, combined with technical and procedural support and the three tier SIPP product that was launched in July 2016 has proved very popular as it can evolve to suit your clients’ changing needs. We intend to remain positioned in this way providing the support you and your clients need and to take advantage of the vacuum left by most of our competitors.