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Regional onslaught: The 20 new wealth offices opened this year

We look at how wealth managers' national branch networks evolved in 2018.

From Raymond James totting up its 62nd UK office to Julius Baer International expanding into the regions, wealth managers have been opening new outposts up and down the country at a rate of knots this year.

We round up how national branch networks evolved over 2018, underlining just how ever more competitive the market is growing.

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From Raymond James totting up its 62nd UK office to Julius Baer International expanding into the regions, wealth managers have been opening new outposts up and down the country at a rate of knots this year.

We round up how national branch networks evolved over 2018, underlining just how ever more competitive the market is growing.

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Aberdeen

This month Charles Stanley opened an office to house two recent hires from Tilney, branch head Scott Morrison and Linda Edward, along with John Redpath.

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Bury St Emunds

Brooks Macdonald set up an office, its thirteenth regional hub, in East Anglia, headed by Pam Beith.

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Droitwich Spa

Daniel Faulkner left Psigma after just six months to open a Worcestershire outpost for Raymond James.

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Southampton

-Raymond James hired Rob Carroll, the ex-head of Brewin Dolphin’s Bournemouth and Lymington branches to establish a new hub in Southampton.

-Charles Stanley opened a new branch in Southampton in January, consolidating its south coast presence, with the teams from its Wimborne and Isle of Wight bases moving over.

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Kendal

James Lindsley, a former Rathbones investment director, set up a new office for Raymond James in the Lake District.

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Kent

Wealth boutique Peregrine & Black Investment Management announced plans to open a Kent office after hiring Chris Redman from Raymond James.

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Carlisle

Canaccord Genuity Wealth Management closed the Carlisle branch it acquired when it bought Hargreave Hale after its head, Hazel Larkin, retired in October.

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Winchester

Brewin Dolphin relocated its Bournemouth office to Winchester as part of an expansion drive in the South West.

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Taunton

In April Rowan Dartington announced it is to open a new regional hub in Taunton, bringing together staff from its Weston-super-Mare, Exeter and current Taunton offices.

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Jersey

Seven Investment Management poached Rathbones director Grant Hamilton to head a new office it opened in St Helier in April. 

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Manchester

-Redmayne Bentley opened a second Manchester branch with the launch of an office, staffed by three KW Wealth alumni, in Spinningfields.

-Standard Life Wealth unveiled plans to expand in the North West, with the launch of a Manchester branch after it gets a local team in place.

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Liverpool

Redmayne Bentley said it will merge its Southport branch into its Liverpool hub back in April.

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Edinburgh

-Julius Baer International raided Barclays again, hiring five wealth managers from its rival to open an Edinburgh office back in February.  

-Mattioli Woods opened an office in the Scottish capital in September, which will also house Amati, which the firm 49% owns.

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London

-Brewin Dolphin opened a new outpost in the West End over the summer as part of its push into the ultra-high net worth market.

-Two more Charles Stanley leavers, Robert Skepper and Will Brancroft, joined Raymond James to set up another London branch for the firm in June.

-Qatari-based wealth firm W1 Investment Group in June announced it is to set up shop in London. Former Tilney head of client acquisitions Charlie Lovell is to run the subsidiary.

-Killik & Co opened its ninth London branch in Battersea in July. Dubbed ‘the House of Killik’, it houses one wealth planner and an investment manager.

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