Tilney Bestinvest, the combined wealth management group which was created following a merger this year, has appointed David Cummins as its director of financial planning in Kent as part of a wider strategy of expanding its regional financial planning presence.
Mr Cummins will be based in Tilney Bestinvest’s new Maidstone office, reporting to Richard Dawes, the firm’s managing director of financial planning.
Mr Dawes said the new hire “will spearhead the growth of our financial planning business in Kent”, as he outlined plans for the company to double its financial planning team “over the coming months”.
He added that in response to the Budget pension reforms “there has never been a more important time for people to seek high quality, professional advice on their financial plans.”
The merged business was created earlier this year after Permira, the private equity backer of direct to consumer investment business Bestinvest, bought out Deutsche Bank’s private client wealth management business Tilney and said it would create a £9bn wealth manager.
Permira said at the time of the February buyout: “The combined group will have a nationwide presence and service clients across the wealth spectrum, from self-directed investors utilising Bestinvest’s state-of-the-art online investment service through to high net worth individuals and their families requiring discretionary investment management and wealth planning.”
Mr Cummins joins from European Wealth where he was senior financial adviser in their East Malling office. He has previously worked at St. James’s Place, Halifax Bank of Scotland and Equitable Life.
