PR96720

DUBAI, June 28, 2022 /PRNewswire=KYODO JBN/ --

Launch of NX PBO

Holborn this week announces the launch of the NX PBO.

The NX Practice Buy Out is a form of equity release secured against an

adviser's existing income, providing an option to take up to two times residual

or recurrent income, up to 100,000 USD, as a lump sum, upon joining the

company.  

The proposition which came into force from the 1st of March 2022, will be made

available to all advisers who meet the qualifying criteria, with payments being

collateralised against the adviser's PBO on retirement.

The NX PBO is designed to attract qualified advisers with mid to large size

client books across the international market.

Riyad Adamou, Chief Commercial Officer, states:

"We know we are one of a handful of companies in the international market that

offers a contractual PBO to our advisers, and we believe we will be the only

company to offer this form of collateralised payment upon entry."

The NX PBO will provide an option for seasoned advisers to take money off the

table without impeding their day-to-day activities or their present revenue

streams, or alternatively provide a cash injection for those in their younger

years who wish to reinvest back into their business.

As of March 1st, all qualifying IFAs who wish to join the company can opt to

exercise this option. Enquires for more information can be made to

ryan@holbornassets.com.

Robert Parker CEO states:

"We believe this once again demonstrates our intention to foster a long-term

view, evidencing Holborn's commitment, through considerable investment, to

provide a market leading platform and proposition for the career adviser.

Holborn has grown significantly over the last 5 years and we feel the offer of

an exit through a traditional PBO is expected of a company of our size, the NX

PBO is a further demonstration of our commitment to each and every adviser that

enters the company from this day forward."

Holborn Assets operates in 17 countries with over 250 advisers and $3bn in AUM.

About Holborn Assets

Established in 1999, Holborn is a multi-award-winning, international financial

services company, specialising in independent financial advice to the

expatriate market. A British family-owned and operated business, the firm has

over 550 employees, including 250 financial advisers, and 23 offices around the

world.

Holborn Assets' experienced team of professional fully qualified advisers

specialise in delivering clients quality, independent financial advice and

services. Core areas of operation include: Financial Planning, Wealth

Management, Insurance, Investments, Mortgages, Tax Planning, Will Writing,

Pension Transfers.

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Source: Holborn Assets