Brewin Dolphin has opened its first outpost in hedge fund land with the launch of a West End office in St James’s, as it seeks to deepen its collaboration with local service providers to the ultra-rich.
The office at 8 Waterloo Place, announced in January as the company's 30th, will be led by financial planner Simon Blowey, who specialises in tax efficiency and trust structures.
Once fully staffed, he is expected to head a team of 21 planners and wealth managers. The business noted that it was actively hiring for the office.
Blowey said: ‘There is an increasing need to future-proof trusted expert and immersive client financial management.
‘In order to continue achieving exemplary client service, we are developing new ways of meeting client needs by providing more choice in investment solutions and anchoring ourselves amongst a wide network of advice.
‘Our approach is designed around those with more sophisticated and complex needs and we are encouraged by the early, positive feedback we are receiving from fellow professionals, prospects and clients alike.’
In its full-year numbers at the end of 2017 Brewin noted that it was seeking ‘office space in central London to provide an appropriate environment for testing our new complex advice service’.
That followed the trial of a simplified advice service dubbed WealthPilot targeting the mass affluent.