David Loudon has joined the board of advice firm Asquire Wealth Management as the firm eyes further acquisitions in its attempt to grow.
Asquire announced today (December 9) Mr Loudon, formerly chief executive of Quilter Cheviot, would join the board as a non-executive director with immediate effect.
Mr Loudon worked at Quilter Cheviot from 1993 until retiring in June 2017, moving from investment manager to head of regional offices to chief executive throughout this time and heading up the business from 2015.
He announced in January 2017 he would retire but stay on as a special adviser to the firm. This was as Quilter's parent company, Old Mutual Wealth, underwent a "managed separation" from insurer Old Mutual.
Asquire, headquartered in Richmond, London, also has a presence in Beckenham, Chelmsford and Stanmore as well as customers in and around London.
It provides advice to clients with investable assets of £100,000 or more and offers its services on pensions, tax and estate planning, alternative investments, property, Isas, managed investment portfolios, insurance and protection.
Asquire director Yateev Valand said it was a “challenge” for smaller IFAs to maintain margins and keep costs low for clients and Mr Loudon’s experience would help the company grow.
He said: “Mr Loudon’s experience brings us that much closer to our goal of delivering a scalable business and focusing on good customer outcomes through digital technological advances.
“His experience in running and growing one of the UK's largest investment management companies ties in very well with our plans to expand by acquisition and our commitment to the customer experience.
“This, combined with Mr Loudon's wide-ranging investment management and advisory experience provides us with significant opportunities to build our business."
imogen.tew@ft.com
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