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                                                 Sesame Network

                               Network History and Information

Sesame Ltd came into existence as a result of a merger between Kestrel Financial

Management Ltd, Financial Options Ltd, IFA Network Ltd and countrywide Independent

Advisers Ltd with DBS Financial Management PC joining later.

Sesame Ltd was incorporated in 1993 and was authorised by the FSA in December

2001

September 2011

The Sesame  Bankhall Group appoints David Kafetz previously with Intrinsic as head of group sales.

June 2011

Sesame paid out £8.5 million in compensation following over 2,000 complaints.

February 2011

Sesame launch a series of holistic advice forums for their advisers.  Keith Gilmour business development director at Sesame Bankhall Group said “A key element for this year is that the events will be more interactive and based around different client segments to bring a greater consumer perspective”.

2010

Sesame Bankhall hosts the second in its series of virtual events where advisers can take part in interactive panel debates via a live question feed on topics such as the Retail Distribution Review.

October 2009

The Sesame Bankhall Group was formed following Sesame’s acquisition of both Premier Mortgage Services (PMS) and Bankhall.

April 2009

Sesame struck a deal with Bluefin (formally Thinc) where 290 individuals were transferred to Sesame.

January 2008

Sesame announce Vertex as the preferred desktop software for their pensions and investment advisers.

January 2008

Nick Kelly joins Sesame as Managing Director.  Nick was formerly Operation Director at Thinc prior to joining Sesame . He has also worked in senior roles at Financial Options and Tenet Group.

May 2007

Sesame was bought by Friends Provident from MYSYS for what many considered to be a cut price of £75 Million.

April 2007

Sesame is fined £330,000 by the Financial Services Authority (FSA) for not treating its customers fairly.

November 2005

Sesame announce that 500 financial advisers have signed up to Sesame Select it’s multi-tie offering which gives access to 38 of the leading investment providers.

September 2004

Sesame was fined £290,000 by the Financial Services Authority (FSA) for  advising clients to release cash early from their pensions.  The advice was given between 1999 and 2001 when the business was operating as Kestrel Financial Management.

August 2003 - Sesame launched a service for advisers wishing to go Directly Authorised while still wishing to use some of Sesame’s services. Called Sesame Direct it became part of  the Bankhall division when the Sesame Bankhall Group was formed.

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