Quilter Cheviot Europe, the Irish entity of discretionary wealth manager Quilter Cheviot, is to establish a financial planning service in Ireland.
The firm announced it has hired Andrew Fahy as head of financial planning with immediate effect to launch the service.
Fahy joins the business from Brewin Dolphin Ireland where he was head of tax and financial planning and prior to that he held a similar position at Investec Wealth & Investment.
Quilter Cheviot plans to establish an integrated investment management and financial planning service, which it said will complement the work it does with its intermediary contacts and allow it to deliver a service tailored to its clients’ needs.
Today's move will establish the financial planning operation out of QCE’s Dublin office to serve European clients, where the firm said it is seeing increasing demand for financial planning as well as investment management.
Quilter Cheviot Europe (QCE)’s chief executive, Brian Weber, said: “For some time now, we have wanted to incorporate financial planning into our offering for clients and Andrew’s appointment signals the start of the evolution of the service we can offer.
“We have worked with financial advisers and intermediaries for over two decades and have a good understanding of how the two can be brought together for the benefit of the client. Increasingly clients are looking for a modern-day wealth management offering, and this goes well beyond just investment management.
“Their needs can be incredibly complex, so by combining financial advice with wealth management, while also nurturing our existing intermediary contacts, we are well positioned to be able to offer a best-in-class service for a variety of circumstances.”
QCE currently manages just over 1,500 clients and expects to grow the Dublin office over time to support the new financial planning arm and its growth ambitions.
Fahy, who will report to Weber, said: "I am delighted to be joining Quilter Cheviot Europe, a company that I have known and admired for many years, and one that recognises the benefits that financial planning and investment management can bring for clients when delivered in tandem.
“Effective longer-term wealth planning often necessitates both, and I look forward to working alongside our investment managers and financial advisers, both in-house and third party, to help to deliver great client outcomes."
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