Blackadders Wealth Management LLP has grown the total value of assets under management by over 35% in the last year as a result of ongoing investment in its team and expertise.
The increase was achieved during a period when the team took on five new recruits, including almost doubling the number of staff members advising client on financial matters. This expansion included the launch of a dedicated graduate trainee scheme.
In recent weeks, the team has been further strengthened by the appointments of Jamie Daniels and Paul Heath as Investment Managers. Jamie was previously with Cornelian Asset Managers, whilst Paul made the move from Exeter-based Charles Stanley & Co.
The first two entrants to the graduate scheme are halfway towards qualifying, with one aiming to become an Investment Manager and the other an Independent Financial Adviser (IFA). The scheme was established as part of the firm’s approach to succession planning, where senior staff can mentor the next generation and help further build on client relationships.
Blackadders Wealth Management LLP is a sister company of Scottish law firm, Blackadders LLP. The ambitious plans of the latter, which includes the business acquiring a number of highly-regarded law firms in recent years, has also benefitted the wealth management arm. The investment management team operates out of Edinburgh and Dundee and, as the office network also covers Glasgow, Perth and Aberdeen, there is comprehensive coverage of the Scottish marketplace providing Independent financial advice and discretionary portfolio management.
Keith Thomson, Director of Investment Services for Blackadders Wealth Management LLP and a former Scotsman IFA of the Year award winner, said: “Investing in the development of our Wealth Management team and the services we offer is a key aspect of our plans for Scotland and signals our commitment to further develop business growth by continuing to deliver a high value service to our clients.
“We have built a diverse portfolio of clients, many of whom have been with us for over 30 years, as a result of our financial experts developing strong, trusted relationships by offering sensible wealth management advice and a personable, professional service.”
Blackadders Wealth Management LLP has been built from a standing start in 1988 by Keith and his team, who now have combined experience of well over a century in financial planning and investments.