Capital Reward Plus & Practice Buyout

Capital Reward Plus was launched in 2007 in order to provide Retiring IFAs a further income following their exit from the industry. It is direct to consumer, offering simple products via the website. Clients receive a non-advisory service delivered electronically or by post. 

In July 2011, SimplyBiz & Capital Reward Plus created the Practice Buyout Panel to run alongside Capital Reward Plus. As Capital Reward Plus cannot give advice there was a growing need to service the active clients of a retiring IFA. This service is to provide further support for advisers who are leaving the industry but want to ensure that their clients continue to receive a high quality service.  These IFAs will be offered the opportunity to transfer their business to one of a panel of recommended firms  who have already demonstrated that they can deliver a high level of service in a professional and compliant manner.  Capital Reward Plus will service the non active clients whilst the Practice Buyout firm will service the active clients.