Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Rathbones hires Coutts man for Newcastle office

Rathbones hires Coutts man for Newcastle office

Rathbones has bolstered its team in Newcastle with the appointment of David Stangroom from Coutts.

Wealth Manager understands that Stangroom joined the business as a financial planning manager.

Prior to Rathbones, he spent over seven years at Coutts as a director in specialist financial planning. There he was responsible for recruiting, developing and managing specialist financial planners and their support staff across the UK.

Before that he had stints at the financial planning arm of Co-operative Bank and at Standard Life in Manchester.

On his LinkedIn profile, Stangroom said: ‘I’m very excited at the opportunity to build and develop a financial planning team for the North of England and Scotland for Rathbones.’

Rathbones’ Newcastle office is headed by former Wealth Manager cover star Nick Swales, who was part of the team that established it back in 2013.

The team looks after just over £400 million of client money and is 14-strong, according to figures from October 2017.

Across the group, Rathbones’ assets under management reached £39.1 billion at the end of 2017, according to a trading statement published last week. The company saw market movements and net inflows of £2.1 billion over the period, up from £1.7 billion in 2016. 

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 Hugh Young: the buck stops with me on Asia recovery

Hugh Young: the buck stops with me on Asia recovery

The Veteran Asia Pacific fund manager discusses how he is going to improve the performance of Aberdeen Standard Asia Focus and the other investment trusts run by his team.

Play Tim Steer: fund managers will have to get 'stuck in'

Tim Steer: fund managers will have to get 'stuck in'

The second part of our film with former Artemis and New Star fund manager Tim Steer looks at how his profession has evolved over the past two decades.

2 Comments Play Tim Steer: how to spot a stock disaster coming

Tim Steer: how to spot a stock disaster coming

The former Citywire AAA-rated fund manager has written a book on 22 stock disasters and how forensic examination of annual reports could have spotted them coming.

Read More
Your Business: Cover Star Club

Profile: why IFAs are succeeding where wealth managers fail

Profile: why IFAs are succeeding where wealth managers fail

Two former Hargreave Hale staffers left following its purchase by Canaccord, but insist their move was due to a long term structural industry shift

Wealth Manager on Twitter