The co-founders of Cheshire-based mortgage brokerage WISEONE have sold the business to its employees in a move designed to secure the firm’s long-term independence and reward staff commitment.

Tim Rigden and Paul Newbold, who established the directly authorised firm more than 20 years ago, finalised the sale of WISEONE to an Employee Ownership Trust (EOT) in October last year.

The transition sees employees become the ultimate owners of the business through the trust structure, with Rigden continuing to lead the company as Newbold retires in July.

The firm, which is a member of TMA Club, has built a strong reputation in the region, recently earning recognition as New Build Broker of the year for 2025. Under the new ownership model, a fresh leadership team of directors has been appointed to support Rigden and guide WISEONE into its next phase.

Speaking about the handover, Rigden said: “It’s been an incredible 25 years working alongside Paul, building WISEONE into the successful firm it is today. His dedication and expertise have been instrumental in our journey.

“While we’ll certainly miss his presence, we’ve been meticulously planning this transition, ensuring a smooth handover and reallocation of roles and responsibilities within our team.”

He added: “It truly empowers our staff and ensures that everyone is invested in our collective success.”

Newbold’s departure marks the end of a 25-year career helping to grow WISEONE into a respected mortgage intermediary firm in Cheshire. The adoption of the EOT model follows a trend among business owners seeking to preserve company values and culture while offering long-term benefits to employees.

Sarah Evans, head of sales at TMA Club, said: “We wish Paul all the very best. It’s been a pleasure working alongside him and the team at WISEONE and we are excited about their future following this new approach.

“It truly reflects the core values of Tim and Paul, who have consistently put customers and staff at the forefront of every decision.”

Rigden confirmed the firm would remain a directly authorised broker and maintain its long-standing partnership with TMA. “Partnering with TMA Club has allowed us to gain valuable ongoing support to grow and develop our business and we look forward to this next chapter with them beside us,” he said.