Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Vestra targets northern team hire and Dublin for expansion

1 Comment
Vestra targets northern team hire and Dublin for expansion

Vestra is looking to recruit a team of private client managers in the north of England or the Midlands and has longer-term plans to open an office in Dublin.

Head of business development Tony Allan said Vestra is aiming to find a team of managers in Manchester, Birmingham or Leeds.

‘Some of these places, such as Birmingham, could be described as over-broked,’ he said. ‘But we are looking to recruit locally, so you are tapping into legacy business.

‘There is a huge amount of demand coming from [regional] IFAs for people to manage their money locally.’

The company has already rapidly grown its distribution team, expanding from five to 10 business development specialists in September 2013.

While some of those are based in the north of England, investment management has remained in London, with an offshore team based in Jersey.

‘If you aren’t in these places, then you may as well not be at the party,’ he said, adding that he believed the weight of money in adviser outsourcing is still seeking a home.

‘Before the retail distribution review, it was all about getting a platform proposition right. Now it’s all about
how to increase the profitability of your business.’

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 Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter