Philip Schofield has reportedly brought in a specialist team of wealth management accountants to oversee his finances, after acknowledging that his “beloved” television career has come to an end.
Companies House filings indicate that the former This Morning presenter’s financial affairs are now set to be handled by Sedulo, a London-based firm known for advising high-net-worth clients on managing and growing their wealth.
Schofield previously said he was unlikely ever to return to television, telling an interviewer he had “lost everything” after his “unwise but not illegal” affair with a much younger colleague was made public, triggering a major crisis at ITV.
The veteran broadcaster stepped down from This Morning after admitting he had lied to his long-time co-host Holly Willoughby, ITV and his talent agency YMU about the relationship.
YMU later cut ties with Schofield, saying in a statement that “honesty and integrity are core values” of the company and that “talent management is a relationship built entirely on trust”.
Philip Schofield has reportedly appointed wealth management accountants to oversee his finances after saying his “beloved” TV career is over
Schofield has previously admitted he is unlikely to work in television again, saying in an interview that he had “lost everything”
Sedulo could help protect the substantial fortune Schofield built over decades as one of British television’s most recognisable presenters.
His real estate firm – Fistral Properties Ltd – is registered with the company’s London office, and will likely become his primary source of income now, the Mirror reports.
On Sedulo’s website it claims to be defined by its ‘financial and wealth management’.
It tells prospective clients: ‘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.
‘Whether you’re a successful entrepreneur or business owner or you’re starting out on your own, it’s never too early to seek sound advice. Whatever stage of your business journey you’re at, we’re here to support you.
‘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.’
Schofield’s business affairs were previously managed by YMU who helped craft his career and make him millions.
In recent weeks, rumours have been swirling that the fallen presenter was ‘in talks with senior TalkTV bosses about a role on the channel’ alongside his friend Vanessa Feltz – who is was pictured having dinner with earlier this month.
The former ITV star has become much of a recluse since he stood down from his role after admitting to lying about an affair with a much younger colleague
Schofield and his co-presenter of 13 years, Holly Willoughby, pictured with the man he had an affair with
And, according to a new report, Schofield is set to create his own tell-all memoir about his version of events after being approached by ‘several book publishers’.
It has been said he hopes to ‘draw a line’ under what happened in what could be an ‘incredibly compelling account’ that is fully supported by his family.
A source told The Mirror: ‘Phil has had several approaches by book publishers – including Hodder & Stoughton – about a new memoir, in which he talks more fully about This Morning, Holly, and how his career at ITV imploded.
‘He made it clear in the conversation that he would like the chance to tell his story in full, and in some ways to draw a line under what has happened, but that he would not do so without the approval of his family.
‘Stephanie and the girls have been his lifeline all this time, while he’s been going through hell in private. So any further discussions are on hold until he has spoken to them, and they are happy with him going ahead.’
Meanwhile sources close to Schofield said his friends are trying to encourage him to lead a ‘fulfilling life’ away from showbusiness.
One told MailOnline: ‘Phillip has been very, very down recently. He doesn’t know how he is going to work again.
‘He is pretty sure that he is done. He keeps saying he will never work again. It’s devastating for him to realise but he also knows that there is not a lot he can do about it.
‘He doesn’t know who will take him, he knows there is no way back to ITV or the BBC.’
According to a new report, Schofield is set to create his own tell-all memoir about his version of events after being approached by ‘several book publishers’
In recent weeks rumours have been swirling that Schofield was ‘in talks with senior TalkTV bosses about a role on the channel’
The comments echoed what Schofield said himself when he broke his silence in an interview with the BBC in the weeks following the scandal.
He said at the time: ‘I’m not in television any more, I don’t know what I am even remotely – if I get through this. I don’t know even remotely how I move forward – what am I going to do with my days?’
‘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?’ he added.
Schofield admitted that the affair had rocked ITV, while Mary Bekhait, the CEO of his former agency said at the time: ‘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.’
Schofield’s representatives told MailOnline ‘so far as I know these reports are nonsense’ adding the presenter had ‘no comment’.
MailOnline has contacted Sedulo.
