Smith & Williamson has hired Savills’ director of family office to lead the growth its family office services.
Rupert Phelps has joined as a partner at the firm. He will be tasked with building on the business' existing presence, growing its clients and developing intermediary relationships.
Phelps brings close to 20 years’ experience in wealth management industry to his new role. Before Savills, where he ran its family office services, Phelps held a similar position at BNY Mellon.
‘The development of our family office services is a key component of our business plan’ said Joss Dalrymple, head of private client tax and business services at Smith & Williamson.
‘We are all really excited to begin working with Rupert as he leads the family office team and drives our offering at a strategic level.’
Peter Fernandes (pictured), head of private client investment management at Smith & Williamson, added: 'His [Phelps] arrival should help spur the growth of services we offer to family offices and cement our reputation as leading providers of advice in the field of wealth management.’