Cheviot’s flying start continues with £100m milestone

WEALTH management firm Cheviot, has toasted its flying start to business life in the North West.

In just over six months the firm’s Liverpool office has more than £100m in funds under management.

The office opening, and the firm’s progress was celebrated at a reception at Liverpool Town Hall, attended by around 150 business leaders.

The event was was addressed by Cheviot Asset Management chief executive Michael Kerr-Dineen, senior partner Simon Walker and Liverpool Vision chief executive Max Steinberg.

Cheviot has been delighted with the rapid progress of its first regional base and the firm is already predicting that the office on St Paul’s Square, will  double in size in the next 12 months.

Simon Walker, Cheviot’s Liverpool senior partner, who joined from Deutsche Bank and Tilney Investment Management, said: “We are delighted with the support shown by our clients and professional connections which has enabled us to pass the £100m mark at this relatively early stage of our local development.

“Clients are coming to realise the value of our close personal attention and focus on generating performance during such testing times.”

Max Steinberg said Cheviot’s success so far is: “testament to our status as the second most important wealth management centre in the UK outside London and testament, I believe, to our status as one of the most business-friendly cities in the UK.”

Chief executive Michael Kerr-Dineen added: “We are already experiencing fast organic growth in Liverpool, which I believe is aided by our partnership model which frees up staff from any conflicts of interest. This makes it an attractive proposition for staff and clients alike.”