From day one, Taylor Patterson has aspired to be Lancashire’s leading and first choice financial advisory group. See some of our biggest accomplishments and newsworthy moments that make up our corporate timeline.
2016 saw Taylor Patterson strengthen its client proposition with the launch of its discretionary portfolio management service. Investors benefit from Mattioli Woods' long established and innovative investment approach with access to nine fully diversified and continually risk adjusted portfolios. Gillian Bardin was recognised for her contribution to Taylor Patterson by winning the Women in Business Award 2016 for "Decade of Excellence".
2015 saw Taylor Patterson win a trio of awards with Gillian Bardin recognised as a top 100 NW businesswoman, Nick Howarth awarded Young'Un in Finance and the firm winning Best Social Media Presence. 2015 also saw the next chapter for Taylor Patterson being revealed as it became a Mattioli Woods plc company.
2014 saw Taylor Patterson crowned Financial Services Team of the Year at the Red Rose Awards. In Taylor Patterson’s 35 year history 2013 was the most successful year for the firm so it was great to see this achievement recognised by such prestigious awards. In announcing the award the judges said “Taylor Patterson’s engagement with staff and the local community was impressive and their values of ‘Fair, Fun and Rewarding’ summed up their business.
The 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.
New shareholding directors are appointed, Chris Bardin, Keith Pressler, Louise Potter, Jason Street and James Thompson. As a part of this restructure, Taylor Patterson creates one advisory business and one specialist pensions business as well as selling its corporate insurance division to its management team. We believe this change makes our group structure clearer to our clients and more relevant to meet the demands of the Retail Distribution Review (RDR).
Taylor Patterson launches its first senior management programme to develop the directors of the future. Five individuals are selected and promoted to Associate Directors. The move reflects the company’s commitment to strong management and a desire to establish the next generation of directors to grow the business.
Due to changes in legislation, Taylor Patterson Associates Ltd 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.
The new management team completed the next stage of the Management Buy Out in 2006 and now had 55% of the business. As a part of this deal, Nigel Taylor was appointed as Chairman to the Group and Gillian Bardin was appointed as the Managing Director.
The new corporate structure facilitates the expansion of specialist services and the development of a new management team, Gillian Bardin, Glynn Bartley, Robert Cholmondeley and Phil Rogers. The new team developed a business plan to acquire shares in the group and hence secure the longer term future of Taylor Patterson.
As part of the continuing expansion of the business and the varying regulatory requirements of the Financial Services Authority, Taylor Patterson undertakes a corporate restructure which results in the appointment of its first female director, Gillian Bardin.
Taylor Patterson Associates Ltd is accredited as an Investor in People and has maintained a continuous programme of training and development for all of its people.
Taylor Patterson Associates Ltd approved as a Self Invested Personal Pension (SIPP) Manager.
Due to the growth of the business, larger premises were needed and we relocated to Lanson House, Winckley Gardens in 1990. This has been the home of Taylor Patterson ever since.
As part of the drive to develop the business, a number of joint ventures with local professional firms were entered. This included:
Taylor Patterson gains recognition as an Inland Revenue Approved Pensioneer Trustee. This means that Taylor Patterson Associates Ltd can now establish and administer it’s own Small Self Administered Schemes (SSAS).
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.
The founding shareholders, Nigel Taylor and John Patterson, first meet when employed by a major international insurance broker. They worked together for 10 years becoming the regional directors responsible for financial planning and pension management for the North West.