1.0
Apr 23, 2017
Former employee
London, England
Recommend
CEO approval
Business Outlook
Pros
Good marketing operation and expensive looking brochures.
Cons
SJP drive a coach & horses through FCA and RDR requirements, using a quasi-commission based "fee" structure. This leads to miss selling and poor practice, which is swept under the carpet as long as the Partner is a profitable business producer. Some Partners earn in excess of £250,000 PA , employ a paraplanner on 30K to do all the hard work, and swan around on the golf course most of the week. Partners often treat any compliance intervention with contempt, and are supported by the business in doing so.