IFA becomes employee-owned with ThinCats funding

A look at transitioning your firm to an employee ownership trust

clock • 2 min read

An IFA has transitioned its ownership structure to an employee ownership trust, with the help of alternative finance provider ThinCats.

The move is part of succession planning at Cheetham Jackson (CJL), based in Chorley, an independent financial planning business operating out of ten offices across the north of England.  The firm was founded in 2009 by Stuart Jackson, who, having successfully guided the team for more than 11 years, has been planning his succession. He decided the transition to an employee ownership trust (EOT) was the best next step for CJL's future. Jackson, who will remain as chairman of the EOT, said: "When we started planning for this transition, we identified the need to build an exceptional l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read
Tatton AM launches range of passive funds as AUM surpasses £20bn

Tatton AM launches range of passive funds as AUM surpasses £20bn

Net flows double from last year

Cristian Angeloni
clock 13 November 2024 • 1 min read
Mabel Insights adds DFM partner

Mabel Insights adds DFM partner

Additional Waverton data to be available on comparison site

Jen Frost
clock 12 November 2024 • 2 min read