The New Establishment
So we enter the New Year with an established wealth management business and looking after about a billion pounds of assets for our clients. And yet, somehow, it all still feels fresh and new. The New Establishment? Absolutely!
2014 began with the acquisition of the Sterling Bond Fund, a unique and high quality, short duration cash plus fund. The late Spring then saw our listing on the AIM Market of the London Stock Exchange and this was followed by the acquisition of the Kingston based financial planning business Compass. In the autumn, we opened our Manchester office which specialises in investment management. This was followed by the acquisition of P&C Wealth Managers SA in Zurich, which provides highly sophisticated wealth management services to family offices and to ultra high net worth individuals. Such an exciting and busy year was crowned with the winning of the Finance Business Awards ‘Investment Strategy Firm of the Year – UK’ and the Finance Monthly M&A Awards ‘Discretionary Fund Managers Firm of the Year – UK’.
The pace picks up
In early 2012 we acquired Aventus Capital which established our presence in Cheltenham. But, most importantly of all, it gave us a state of the art platform on which to manage and build our investment business. Migrating onto it took time, but the benefits rapidly became apparent to our clients as well as to us. It wasn’t just the investment business that expanded, later that year the acquisition of Ernest Noad & Associates, in Bromley, added to our capabilities in the South East. Then, just weeks later, the purchase of Bradley Stuart in Worcester saw the Group’s assets reach the £500 million level. It also added specific expertise in corporate financial planning. The middle of the year also saw the launch of our Treasury Management service. This provides private and institutional clients, including education and building societies, with liquidity and treasury management services. The year also finished on a high when, in November, the last of 2012’s new offices opened in Wokingham. Providing a full wealth management offering, the team also specialise in complex tax and wealth planning solutions.
The early days
European Wealth was officially launched early in 2011. The investment world was a pretty grim place but one of our mantras has always been bad times make good entry points. As if to underline that, we made our first acquisition that March – the financial planning firm Mathews Smith in Maidstone. This was an exciting moment but, more importantly, it was the springboard for the development of the financial planning business so critical to delivering a true wealth management offering.