Phillip Schofield takes action to secure wealth after saying TV career is over

Phillip Schofield takes action to secure wealth after saying TV career is over

Phillip Schofield says he has ‘lost everything’

After claiming his career in television is “over”, Phillip Schofield is said to have joined forces with a team of wealth management accountants to boost his bank balance in other areas.

The 61-year-old stepped away from ITV after admitting to “lying” to the channel, and his management, over an “unwise but not illegal” relationship with a much younger male colleague.

The property firm owner has now teamed up with Sedulo, a firm helping high net worth clients to increase their wealth, as he assesses his options following his explosive exit from television, according to The Mirror.

On Companies House, Phillip’s real estate company, Fistral Properties Ltd, is now registered with Sedulo’s London offices, and could become his main source of income.

In a BBC interview, Phillip revealed his torment as he told the world that he’d “lied consistently” over his affair, something which led to Holly Willoughby being joined by a rotation of different presenters on each This Morning show, instead of him.

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“I’m not in television any more. If I get through this. I don’t know even remotely how I move forward – what am I going to do with my days?” Phillip questioned.

“I did something very wrong and then I lied about it consistently and you can’t live with that. How do you live with that?”

Phillip added that he had become afraid to leave the house in the aftermath of the scandal, claiming that were it not for the support of his daughters, he “wouldn’t be here” anymore.

“I have brought myself down. I am done. I have to talk about television in the past tense, which breaks my heart,” he exclaimed.

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However, he added that his daughters have “guarded” him following the negative publicity and “won’t let me out of their sight”.

Meanwhile, scandal-hit Phillip is believed to be hoping the guidance of Sedulo can help him through his crisis.

The firm assures clients via its website: “Financial planning and wealth management are what we do, but it’s how we do it that defines us.

“Our vision is a service that is more professional, more personal, and more efficient — a service that is delivered by talented, dedicated, and highly qualified people who share this vision—always aiming to reduce your stress and give you peace of mind.”

The company adds that it offers advice to both first-time business owners and established entrepreneurs alike.

“By helping you to accumulate or preserve wealth, we ensure you have the confidence to face life’s big moments – now and in the future,” it claims.

Previously, the YMU agency managed Phillip’s business interests and multimillion pound TV career, but they will no longer be representing him.

In a statement issued after Phillip admitted to his affair, group CEO Mary Bekhait stated: “Honesty and integrity are core values for YMU’s whole business, defining everything we do. Talent management is a relationship based entirely on trust.

“This week, we have learned important new information about our client Phillip Schofield. These facts contradicted what Phillip had previously told YMU, as well as the external advisors we had brought in to support him. As a result, on Thursday we agreed to part company with Phillip, with immediate effect.”

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