Famous Broker Resigns From His High-Paying Company

The Unusual Resignation of a Big-time Broker

The resignation of a big-time broker shook the financial world to its core. The securities industry is still reeling from the shockwaves that this decision has caused.

The Resignation of a Big-time Broker

James Dougal has been the prime broker of the Legalbright Company. His resignation has come as a shock to many people within the industry, and it will be interesting to see what he does next.

In his letter of resignation, Mr. Dougal has stated that he plans on pursuing other opportunities in the financial sector. While this is certainly an exciting prospect for him, Legalbright’s CEO has been less than impressed with Mr. Doual’s decision.

He claims that James was integral to maintaining their company’s performance over the last 12 years- but only time will tell if they can continue performing without him around!

Legalbright assures all its clients that they will continue functioning as usual even with Mr. Dougal no longer around, and it seems like this is a promise that could come true.

Meet the New Broker

Many news has circulated that Legalbright has already found a replacement! The new prime broker is none other than Mr. Dougal’s son, working in the finance sector for many years now.

Can You Entirely Depend on the State Pension

It seems like this is an interesting turn of events- with father and son trading places! We’ll see how it all plays out over the next few weeks (or months!)

The New Broker’s Expertise

Jared Dougal has expertise in the field of equity release that has been sought by many of Legalbright’s clients.

Equity Release is a concept where property owners are allowed to borrow against the value of their homes without moving out of their homes.

Laying Out All The Equity Release Facts

This also allows them to gain income from their properties. Equity Release is also known as the “Home Reversion Plan” and has become incredibly popular over the last few years.

This approach brings in the money you can use to pay off debts, clear one-off costs like legal bills and care fees, or fund retirement luxuries such as foreign trips and new hobbies.

Once you sell your home with a lifetime mortgage, you’ll no longer own it – but you can continue living there for as long as you want. The value of the equity release scheme will be based on how much your property is worth when the buyer is looking for a repayment mortgage. The lender revalues the property at this point to make sure they don’t over-lend.

Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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