Hurley Partners has made two further senior hires from Brown Shipley as assets at the new business reach £150 million.
The company was set up by Brown Shipley’s former head of private banking Tony Hurley (pictured centre) and chief operating officer Paul Cody (pictured left) in July of last year. Paul Harwood (pictured right), a former fund manager at Brown Shipley has also joined.
The founding trio have now been joined by Jerry Rixon, who was previously the client relationship director at the private bank, and its former private client director and head of pensions, Julie Sebastianelli.
The pair both join as partners of Hurley. Rixon will have overall responsibility for the company’s Small Self-Administered (Ssas) pension business, which includes commercial property assets. Sebastianelli will oversee its Self-Invested Personal Pension (Sipp) clients as well as providing strategic advice and financial planning to clients.
Prior to Brown Shipley, which she joined in 2007, Sebastianelli was a director in Deloitte’s private client practice following a prior stint at Arthur Andersen. Rixon moved to Brown Shipley when it acquired Fairmount, where he was pensions director in 2001.
Since launching the firm has attracted £150 million into its discretionary service, with an additional £300 million. The Sipp market remains the key specialism of the group.
Commenting on the progress the business has made so far, chairman Hurley told Wealth Manager: 'We are very focused on keeping small self-administered or owner-directed pension funds at the core of the business. This is our central theme, which has become not quite as loved a vehicle with other financial institutions, but we love them. Everything we do has emanated from that start of the client having some form of captive pension scheme.'
Last year Hurley hired two investment managers; Henrietta Grimston, who joined from City Asset Management and Louise Easthope from UBS. David Johnson, another Brown Shipley alumni, also joined the firm’s pensions term.