Mr Harley said: “We will find out a high quality adviser to be your successor and we will pay you a small capital sum.
“We will give you 15 years of retirement income based on the revenue transferred in and any new revenue generated from that business.
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“We are confident we will be able to put that into a highly tax efficient structure. This is a capital model rather than an income model.
“We want to do that because we want to widen the scope of our proposition to high quality advisers.”
Mr Hartley said the proposition could be particularly useful for advice businesses with only one lead adviser.
dan.moore@ft.com
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