2. 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.
3. 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
4. 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
5. 1989
As the business expanded it purchased the
present office Lanson House, Winckley Gardens.
1990
Due to many changes in regulation within the
financial services industry, the group has been
consolidated within TPA providing services
throughout 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
6. 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 requirements
of the Financial Services Authority, the company
was restructured into a group of companies.
7. 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
8. 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
9. 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
10. 2012
The 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
11. 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
12. 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
13. www.taypat.co.uk
Lanson House, Mount Street, Preston, Lancashire, PR1 8RY
01772 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.
