Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Rowan Dartington to double investment team in regional push

Rowan Dartington to double investment team in regional push

Rowan Dartington aims to double the number of investment managers it employs to 12 and is looking to launch an ‘At Retirement’ pensions planning service next year. 

Talking of the retirement service, chief executive Graham Coxell (pictured) told Wealth Manager: ‘We have developed a really smart approach to blending investment management and annuities. We are positive on this product and we are talking to potential partners.’

Speaking after Wealth Manager last month revealed that company co-founders Andrew Morris and Mark Sevier had left to join Bristol rival RC Brown, taking a number of employees with them, Coxell said the departures would not have a significant impact on the firm’s growth strategy. 

In addition to increasing staff numbers and diversifying services, the company is also planning to re-establish its network of regional offices.

Rowan Dartington intends to use a restructure of the business in September as a platform to enhance its proposition. Its evolution will be based on three major goals: the strengthening of teams, improving products and innovation.

‘When I took control of this business two and a half years ago it was losing more than £1 million a year,’ Coxell said. ‘Profit has since risen by 200% last year and is on course to be 300% this year, while assets under management are rapidly approaching the £1 billion mark.

‘Our balance sheet is strong and in our view we can invest in more regional branches. We want Rowan Dartington to be a multi-channel proposition. The departures have no impact on the business and we continue to go from strength to strength,’ he said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter