M&G Wealth had made the first move to “radically” increase the size of The Advice Partnership (TAP) business, appointing Tim Clark as its first recruitment and acquisition director.
Clark (pictured) will look at all aspects of recruitment and potential acquisition, with a focus on growing adviser numbers within TAP, M&G’s self-employed adviser network, which has gone from single figures to more than 220 in the past year.
TAP, which launched in 2019, recently announced the creation of its own adviser academy to support growth, particularly of its existing firms.
Clark will help bring new talent into the financial advice sector through the academy and work towards bridging the “financial advice gap”.
Chris Haines, CEO of M&G Wealth’s advice business, said he was delighted to welcome Clark as a “proven developer of existing recruitment and acquisition operations” to the leadership team as the business “seeks further sustainable growth”.
Clark said that there is a “well-marked need throughout the UK to address the financial advice gap” and that M&G Wealth has a “clear and progressive strategy to play an important role in that while being fully focused on delivering better outcomes and experiences for its clients”.
He joins M&G Wealth from Loyal North where he developed a strategy to attract high quality advisory firms from across the UK to become part of the company. Clark formerly held senior recruitment and development roles at Tavistock Investments, Benchmark Capital, The Lighthouse Group, The Tenet Group, Edward Jones, AMP and General Accident.
M&G Wealth was created in September following the acquisition of the Ascentric platform from Royal London. The wealth management division currently has £28bn assets under management and administration.
