Taylor Patterson Group LtdCompany History

The beginning

1970

The founding shareholders, Nigel Taylor and John Patterson, first meet when employed by a major international insurance brokers. They worked together for 10 years becoming the regional directors responsible for financial planning and pension management for the North West.

1979

Nigel left to establish Taylor Patterson and was followed closely by John Patterson in the May of that year. The business initially began trading above a shop in Kirkham and moved shortly afterwards to the business area of Winckley Square, Preston.

1980

Taylor Patterson recognised as an Inland Revenue Approved Pensioneer Trustee.

1981

A new company was established to develop general insurance services for the clients of Taylor Patterson. This initially developed through direct marketing and the acquisition of a small number of brokers and the general insurance accounts from professional firms.

 

The early days

1983–1989

As part of the drive to develop the business, a number of joint ventures with local professional firms were entered.  This included:

•Taylor Patterson Green Ltd, providing mortgage and insurance services to all the offices of Entwistle Green Estate Agency

•Taylor Patterson Lonsdale Ltd, providing financial services in Cumbria for clients of Lonsdale & Partners, Chartered Accountants.

•A new venture, Taylor Patterson Edlington Ltd was also started in Sheffield with a colleague to provide financial services in the City and South Yorkshire region.

 

 

Development

1989

As the business expanded it purchased the present office Lanson House, Winckley Gardens.

1990

Due to many changes in regulation within thefinancial services industry, the group has beenconsolidated within TPA providing servicesthroughout the North West of England.

 

1997

Taylor Patterson approved as a SIPP Manager.

Expansion

The entrance arches for Lanson House being constructed by Conlon Joinery, 1989

Recognition and Restructure

2000

The group is recognised as an Investor in People and has maintained a continuous programme of training for higher qualifications available to all staff.   As well as a commitment to remaining totally independent there is also a commitment to improving the quality of services available to clients and the quality of staff employed within the group.

 

2003

As part of the continuing expansion of the business and the varying regulatory requirementsof the Financial Services Authority, the companywas restructured into a group of companies.

 

 

2004

The formation of a group of companies provided a structure to expand specialist services and develop a new management team – Gillian Bardin, Glynn Bartley, Phil Rogers and Robert Cholmondeley.

As part of this process a business plan was developed providing the new team the option to acquire a shareholding on a rolling programme to eventually obtain control of the business and therefore ensuring continuity for the future.

The first stage of the business plan was completed in 2004 with the management team acquiring an initial 10% of the issued share capital.

 

Continued expansion

2006

It was agreed to accelerate the programme with the team now controlling 55% of the issued share capital. The change in shareholding also included a reorganisation of the wider management team with Nigel Taylor as Chairman and Gillian Bardin as Managing Director.

2007

Due to changes in legislation, Taylor Patterson could now be its own SIPP provider.  Approval from the FSA was obtained in April 2007 which has resulted in Taylor Patterson developing its range of SIPP products.

 

2008

Awarded the professional Chartered Financial Planners certification.

 

 

Chartered status & SIPP provision

2010

Awarded the prestigious Chartered Insurance Brokers designation by the Chartered Insurance Institute (CII).

2011

Launch of a senior management programme to develop ‘directors of the future’. Five individuals were appointed associate directors to undergo a two-year training programme. The move reflects the company’s commitment to strong management and a desire to establish the next generation of directors to grow the business.

 

 

Commitment to strong management

(Left-Right): Jason Street, Chris Bardin, James Thompson, Gillian Bardin, Louise Potter, Phil Rogers, Keith Pressler, Kerry Houghton, Glynn Bartley

2012The group structure was changed so that the Taylor Patterson Group has only one advisory business (Taylor Patterson Financial Planning will provide all our Independent financial advice to clients) and one specialist pension business (Taylor Patterson Associates will continue to provide our SIPP & SSAS to clients). We believe this change makes our group structure clearer to all our clients and is more relevant as a result of regulatory changes required by the Financial Services Authority’s Retail Distribution Review.

Our associate director team pass their two year training programme with flying colours and are promoted to directors. With the next generation established, the business continues on it’s successful growth path.

 

Changes for clarity

2013

The Retail Distribution Review (RDR) comes into force from 1st January 2013, although Taylor Patterson has been ready for more than a year, it still presents challenges within the industry.

A new financial services regulator The Financial Conduct Authority (FCA) comes into force for financial advisory firms like Taylor Patterson. The FCA’s vision is to make markets work more efficiently so customers ensure a fairer deal.

As auto enrolment gathers pace, Taylor Patterson helps businesses plan for the introduction of compulsory workplace pensions.

 

Impact of regulation change

Taylor Patterson is committed to remaining an Independent Financial Advisory Group in every sense and the above plans have provided a strong base for the future.

We are dedicated to the highest levels of customer advice, service and ongoing support through a commitment to standards of technical and ethical excellence.  Our structure also provides the opportunity for all employees to develop and strengthen the team ensuring the long-term continuity of the business.

 

 

Looking to the future

www.taypat.co.uk

Lanson House, Mount Street, Preston, Lancashire, PR1 8RY01772 555073

Taylor Patterson Associates Ltd and Taylor Patterson Financial Planning Ltd are Authorised and Regulated by the Financial Conduct Authority

Reg No: TPG 5159272, TPA 1090716, TPFP 4635260 • Reg Place: England & Wales

Taylor Patterson aspires to be Lancashire’s leading and first choice financial advisory group. Bespoke independent financial solutions will be provided to high net-worth individuals and corporate clients to help them take control of their future. As a firm of Chartered Financial Planners, Taylor Patterson will deliver high quality client-led services. Sustainable competitive advantages will be created through its ability to recruit and retain highly motivated and appropriately skilled people, and by continuing to enhance professional intermediary relationships, building upon the company’s long standing reputation for excellence and stability.