Evelyn Partners, the leading integrated wealth management and professional services group created from the merger of Tilney and Smith & Williamson, is pleased to announce the continued expansion of its presence in the North East with the team from chartered financial planning firm Scholes & Brown joining its Newcastle office.
As part of the move, Scholes & Brown directors Philip Brown and Bradley Thompson, along with four other staff bringing financial planning and administration experience, will become part of Evelyn Partners’ rapidly expanding Newcastle office, which is headed-up by Managing Partner David Smith. The team joins Evelyn Partners through its succession programme which was launched last year to give financial advisers approaching retirement an opportunity to migrate their clients to a new, long-term home with a high-quality wealth management proposition.
Evelyn Partners last month moved into its new Newcastle offices at St Ann’s Quay, which provides triple the space of its previous premises in the city. The group has provided financial planning services to its Newcastle clients, including families, business owners and charities, for over a decade. Last year the office established a new investment management team, headed by experienced investment manager Matthew Burgess, to enable clients’ investment portfolios to be managed by locally based specialists. The Newcastle office also expanded last year with five joiners in November from Explore Wealth Management.
The Scholes & Brown team, which is currently based at Rotterdam House, Quayside, in Newcastle, has provided financial planning and investment management services to personal and corporate clients since 2003.
David Smith, Managing Partner of Evelyn Partners’ Newcastle office commented: “Following our recent move into our fantastic new offices overlooking the Tyne, I’m delighted to welcome the Scholes & Brown team to Evelyn Partners. This agreement represents an important milestone in our ambitious plans to continue growing in the North East and help contribute to the region’s ongoing success. Clients of Scholes & Brown will continue to benefit from the high-quality, personalised service they have enjoyed from their existing financial planners while also benefitting from the investments we have made in our proposition and technology.”
Bradley Thompson, Director of Scholes & Brown added: “Our priority during the past 20 years has always been to put the interests of our valued clients first, second and last. However, the volume of regulation that has weighed upon small, independent firms during this time has forced many to team up with bigger, better resourced partners. We have been approached by many large wealth managers over the years, but we were impressed by the way Evelyn Partners has approached the integration of our business.
“We believe that this move means that our clients will continue to receive a high-quality, personalised service while also benefiting in the future from the high level of investment expertise and technology offered by Evelyn Partners.”