Quilter Cheviot hails strong 2013 growth
WEALTH management firm Quilter Cheviot now has nearly £1.3bn of funds under management at it offices in Liverpool and Manchester.
The firm, formed by the merger last year of Quliter and Cheviot, said 2013 had been a strong year, with double-digit FUM growth in the region.
It said the two offices added a combined total of £259m of funds to its portfolio in 2013. The Manchester office, based on King Street added £88m of funds to its portfolio, whilst the Liverpool office in St Paul’s Square added £171m.
The 11-strong Manchester office now manages some £550m of funds and Liverpool, which has a team of 13, grew from £570m at the end of 2012 to £741m at the end of December 2013.
Chief executive Martin Baines said the North West growth represented a “stellar” performance and had helped the company nationally to hit the £15b* barrier for funds under management by the end of 2013.
Executive director and head of the Manchester office David Rothburn said: “Everyone has worked extremely hard to make the merger of the two businesses a success. At the same time we have continued to deliver for our clients and are delighted to be here today to celebrate our continued success in Manchester.”
Executive director and head of the Liverpool, Richard Thorn added: “The merger of the two businesses has created a dynamic firm which has significant research and analytic resources so can bring the very latest insight and intelligence to bear. We are pleased to be part of a regional focus providing access to a first class opportunity across the North West.
