Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a652827

Skerritts gains client bank after adviser retires

by Jun Merrett on Jan 29, 2013 at 10:11

Skerritts gains client bank after adviser retires

Hove-based Skerritt Consultants has gained a £12 million client bank from an adviser who has retired due to the retail distribution review.

Adviser Warren Tennant, who has now retired, joined Skerritts in 2010 and has now completed a two-year transition and buyout period.

Mark Cardy (pictured), Skerritts director, said both sides had benefited from the deal. ‘Everyone’s won out of it,’ he said. ‘Someone who wanted to retire has managed to transition their business, and we’ve added to what we do. Because we’ve had time to work with Tennant, we’ve been able to make that a really easy journey for clients.’

‘Warren had a good business model and he used platforms, so he was quite aligned to what we do,’ he added.

Cardy said the firm planned to nearly double its discretionary assets from £170 million to £300 million by the end of 2014 and increase adviser numbers from 15 to 25 across its London and Hove offices by the end of 2013.

Click here for our Outsourcing Investment Centre, which includes a directory of discretionary managers.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy


Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:

Look up the fund managers

  • Warren Tennant
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive


Sorry, this link is not
quite ready yet