Rimbal is pleased to announce the appointment of Tim Clark as Succession Director supporting the ValidPath Succession Solution: the Alternative to Consolidation.
Tim will support the development and expansion of the ValidPath Succession Solution, and support IFAs and IFA businesses to achieve their exit, succession and retirement objectives.
Tim joins Rimbal from M&G where, as Recruitment and Acquisition Director, Tim supported the significant expansion of M&G’s wealth advisory business by successfully sourcing, acquiring and integrating individual and national firms.
With over 40 years of experience in the financial services sector, Tim has played a crucial role in fostering the growth of businesses both through acquisition and organically.
Angus MacNee, CEO, Rimbal and ValidPath, said: “We are very pleased to welcome Tim to ValidPath, he is an industry veteran that believes in our succession proposition and what it can do for IFAs. He is well known throughout the sector and we are looking forward to working with him to support our Succession Solution which is a real alternative to consolidators, particularly for IFAs that value independence along with client and staff wellbeing.”
Tim Clark, Succession Director, ValidPath, added: “Consolidation has continued at a fast pace over the last few years and, until the ValidPath Succession Solution selling to a consolidator was one of the only options available. Yet, many advisers are not comfortable with selling to a consolidator as they want their clients to be looked after in the way that they are used to, not via call centres or by being pushed onto a particular platform. The more advisers I talk with say that they need a different option and that is where the ValidPath Succession Solution comes in. It supports the adviser to achieve their objectives while empowering the next generation of advisers in a way that is not possible with a traditional ‘buy-and-build’ consolidation model. This makes the ValidPath Succession Solution an attractive proposition for the advisers selling their business, shareholders seeking an exit and upcoming advisers. I am really excited to be joining Angus and the ValidPath team and look forward to working with advisers to help them achieve their retirement and succession goals.”