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.

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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter