13 Dec 20 years in financial services – the PX timeline
As we complete our first 20 years, we thought we’d look at the landmark events in our business – the stepping stones to where we are now. Our clients may find the history interesting, and a handful have been with us since the very start!
December 2002 – Xpat Limited is co-founded by Darion Pohl and Jim Hennington in Abingdon, Oxfordshire, to provide pension advice and international pension transfer services to UK locals and emigrants abroad.
2003 – Xpat forms an alliance with Prism Financial Planning Limited and commences trading as Prism Xpat providing pension advisory and pension transfer services to UK locals and expatriates (primarily UK nationals emigrating to Australia)
2004 – Prism Xpat establishes its first international affiliate relationships expanding from its UK base to include companies in Australia, New Zealand and Canada.
2005 – Prism Xpat opens its London office.
2005 – 2008 – Prism Xpat becomes a leading provider of pension services to expatriates, with a team of up to 16 staff located in offices in both London and Abingdon. Prism Xpat becomes one of the largest writers of business for Aegon in the home counties and commences undertaking work for many of Australia’s largest financial institutions. The company features at many prominent national and international tradeshows, as well as being specialists on the BBC for emigrants Downunder.
2009 – Global financial crisis. Prism Xpat continues to operate profitably through the economic downturn. Jim exits following a management buyout and the company is consolidated into our offices in London.
2010 – 2014 – Prism Xpat expands its global reach and presence through the UK and enhances its wealth management offering. Prism Xpat attends a seminar with the Australian government and becomes the provider of choice for emigrants from the UK to Australia, working closely with staff at Australia House in London.
2015 – 2017 – Prism Xpat moves into its offices in Wembley, London and further develops its offering to UK-based clients. Prism Xpat contributes to HMRC and FCA consultation papers in the area of UK pension advice provision by advisers based internationally.
2018 – Growth in the company leads Prism Xpat to relocate to offices in Berkeley Square, London. Our Australian office is opened, to allow seamless cross-border financial advisory services to be provided for our UK-Australia clients.
2020 – Prism Xpat rebrands to PX Pension Exchange, to allow local clients to better identify with the company. PX forms a close alliance with a prominent UK-based Actuarial firm.
2021 – The PX Wealth brand is developed in the UK and Australia to provide increased focus on ongoing services to longer term clients. PXGH (our holding company) is formed.
2022 – PXGH acquires TMG Financial Planning Limited (which is rebranded to PX Wealth Limited), in doing so adding to funds under management and obtaining increased functionality to write mortgage business and provide holistic advice. Emphasis on enhanced IT systems and capabilities become a core focus.