Simpson Millar completes sale of financial services arm to MD

Simpson Millar Financial Services Ltd (a wholly owned subsidiary of Simpson Millar LLP) has been sold to its managing director, James Mann, for an undisclosed sum.

Based in Leeds, Simpson Millar Financial Services Ltd provides specialist advice on investing personal injury and clinical negligence settlements, and to other private clients.“

The company will be renamed Dune Financial Planning Ltd and is set to continue to service all its clients without disruption.

The sale reflects Simpson Millar’s strategic objective to focus on its core consumer legal services business.

Greg Cox, managing partner at Simpson Millar, said: “This disposal is part of the strategic plan for Simpson Millar to focus on core legal services activities. It remains business as usual at Simpson Millar.

“We wish James every success, and we look forward to continuing a strong working relationship with James and Dune Financial Planning Ltd in the future. “

James Mann has been with Simpson Millar’s financial services department for over a decade, most recently as managing director when Simpson Millar Financial Services Ltd was authorised and regulated by the FCA in 2013.

Commenting on the deal, James said: “I’m confident in Dune Financial Planning as a stand-alone brand. Advising clients on how to invest their legal settlements is a niche area that benefits from real specialist advice and experience.

“It is a market I know well, and a service, which I know many solicitors in the field are happy to recommend to their clients, so I’m excited about the future.

“I have thoroughly enjoyed my time at Simpson Millar – working with colleagues across the Personal Injury, Clinical Negligence and Private Client departments. They are outstanding lawyers who also care deeply about securing their clients’ futures.”

All employees of Simpson Millar Financial Services Ltd will continue to work for Dune Financial Planning Ltd.

James Hunt and John Beevers from Sagars Accountants, and Michael Crook from Crooks Commercial Solicitors advised James Mann on the deal.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →