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View the article online at http://citywire.co.uk/wealth-manager/article/a645609

WH Ireland tight-lipped amid talk Compton quit in boardroom bust-up

by Dylan Lobo on Dec 14, 2012 at 07:53

In an exclusive interview with Wealth Manager earlier this year, Compton outlined his vision for the firm in which he set a £5 billion target for assets under management.  

'We are almost too small,’ Compton said at the time. ‘I think we need to at least double the wealth management side to get to the scale where we can cope with all the compliance and all the regulation.’

The task of implementing this strategy has been passed on to wealth head Richard Killingbeck, who will become chief executive of WH Ireland subject to FSA approval.  

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3 comments so far. Why not have your say?

former employee

Dec 14, 2012 at 09:09

So if as the WHI claim " the majority of Pritchards clients " went to whi why have they refused to pay the second half of the agreed aquisition cost of the Pritchards deal ? Who would want to do business with an outfit that behaved like this?

In My Opinion Comptons departure stinks there is more to this than meets the eye I reckon.A hastilly written trading update is likely an attempt to deflect attention from the real issues .

report this

Beside an Insider

Dec 14, 2012 at 10:14

The client base has been fattened to pass off all the Enterprise Investment Scheme junk that WHI plan to take a cut of. WIlls & Co all over again, but with the added lure of 'tax relief'.

WHI thought they were being clever by withholding that payment to Pritchard, but it's made their newly recruited advisors and clients realise exactly what they've signed up to.

report this

former employee

Dec 14, 2012 at 14:10

http://news.sky.com/story/1025569/broker-widens-probe-into-suspicious-trades

....and now this !!

report this

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