Multi-manager  

Arbuthnot boosts wealth team with Sanlam hire

According to James Fleming, chief executive of Arbuthnot Latham, the appointment of Simon Reynolds as senior chartered financial planner would help to improve the wealth management division of the Arbuthnot Banking Group and help in its expansion plans.

Mr Reynolds, who has been advising clients since 1994, will join the executive team based at the bank’s London office, and will be responsible for providing financial planning advice to clients of the bank and their families.

Mr Fleming said: “Mr Reynolds strengthens Arbuthnot Latham’s offering to entrepreneurial and executive clients at a time when we are expanding both within the UK and internationally.”

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The wealth planning division already holds the Chartered Insurance Institute’s chartered firm status.

Background

The appointment of Simon Reynolds comes after Arbuthnot Latham announced a new client-facing brand earlier this year, following a year-long research and planning project.

In February 2014, Arbuthnot launched a series of short films, called Long Term View, which aimed to explain to clients how the advisory service worked with them to help them make the most of their finances.

Jenette Coduto, producer of the films, said: “I crafted the series of films to reflect Arbuthnot Latham’s reputation as a private bank with over 180 years’ experience with client relationship clearly at its heart.”

Advisor comment

Jeremy Edwards, financial adviser at Midlands-based Bankfield Financial Advisers, said there was still a place for advisers catering to the mass market despite the rise of private wealth and investment banks aimed at high net-worth individuals. He said: “If you think about someone who is earning £20,000 a year, they will still need to buy a mortgage, life insurance and set up a pension over the course of their lifetime. Investment banks are not helping them and retail banks have run away screaming from this area.”