Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a721851

Rowan Dartington to double investment team in regional push

by Dylan Lobo on Dec 02, 2013 at 08:59

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

On the road

Click here to find out more from the Audience Development team.

Read more...

Co-op files £2.5bn loss after 'disastrous' 2013

by David Campbell on Apr 17, 2014 at 09:20

Sorry, this link is not
quite ready yet