Bestinvest targets major expansion of face-to-face advice business as it steps in where the banks have retreated

12 September 2013


    • Award winning* wealth manager looking to almost double the size of its regional financial planning team over the next year

    • Sees opportunities arising from the retreat of banks from the advice market


  • Aims to add to existing local teams and establish footholds in new regions across the UK

Bestinvest, the award winning wealth manager, is embarking on a significant recruitment drive to further build out its regional presence across the UK. The firm is looking to almost double the number of financial planners it employs in existing offices outside of London over the next year as it gathers momentum in its face-to-face advice business**.

The first phase of the expansion will be to recruit qualified, experienced, financial planners to support its teams in existing offices across the UK. Bestinvest will also look to potentially open up a presence in new regions, subject to finding the right calibre of professionals. Bestinvest currently employs over 200 people and has financial planners operating in 39 locations across the UK.

Richard Dawes, joint Managing Director of Wealth Management at Bestinvest said: “Bestinvest has long been known for the high calibre of its investment research and pioneering presence in the non-advised space but with the acquisition of HW Financial Services from Haines Watts accountants in 2010, the group gained a nationwide financial planning presence that has been successfully integrated and is now winning awards.”

“We will be looking to expand our well-established business in areas including Scotland, the North East, North West of England and the Midlands, as well as considering establishing a presence in locations where we are currently lighter on the ground such as the south coast, East Anglia and South Wales subject to finding the right people.”

“Today over half of Bestinvest’s business is advised or managed and we have a model that can support clients at each stage of their lives. Far from heralding the end of face to face advice, we have seen strong growth in our advised business both before and after the introduction of RDR. The withdrawal of the banks from the advice market creates real opportunity for us, providing we can find high quality people who share our commitment to great client service.”

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* Bestinvest won ‘UK Wealth Manager of the Year’ and ‘Best Wealth Manager for Investments’ at the 2013 Investors Chronicle & Financial Times Wealth Management Awards.

Clients are reminded that past performance is not a reliable indicator of future returns.

**Bestinvest currently employs 23 financial planners in its offices across the UK.

Important information
The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. Past performance is not necessarily an indication of future performance. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

About Bestinvest:
Founded in 1986, Bestinvest has grown to become a leading private client investment adviser, looking after £5 billion of assets for more than 50,000 clients. We offer a range of investment services from Select for self-directed investors to Investment Advisory and Investment Management services for clients who do not have the time or inclination to manage their own investments.

All of our services are underpinned by rigorous research aimed at identifying those fund managers we believe will deliver long-term superior performance. We also have a team of expert financial planners with nationwide coverage to help clients with their pensions, retirement or Inheritance Tax
planning. At Bestinvest, we pride ourselves on offering the highest levels of professionalism and expertise with transparent, competitive prices. We are pleased that our greatest source of new business is from personal referrals from existing clients.

Bestinvest has won numerous awards including UK Wealth Manager of the Year 2013, Best Wealth Manager for Investments 2013, Best Stockbroker for Customer Service 2012 and 2011 Self Select ISA Provider of the Year as voted by readers of the Investors Chronicle and the Financial Times. Bestinvest’s Select service was recently ranked as the highest-scoring investment platform when judged on cost, service, range of features and breadth of investment choice by specialist consultancy The Platforum.

Headquartered in Mayfair, London, Bestinvest employs more than 200 staff and has an extensive network of regional offices. The company is one of the fastest-growing private client advisory firms.

About Tilney

Tilney is a leading investment and financial planning firm that builds on a heritage of more than 150 years. The Tilney Group operates under the Tilney brand for Investment Management and Financial Planning and Bestinvest for execution-only investing. We look after more than £22 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.

We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.

We have won numerous awards including Best Fund Platform and Best SIPP Provider at the 2017 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.

Headquartered in Mayfair, London, Tilney Group employs over 1,000 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.