Multrees boosts service to advisers with new hires

Multrees boosts service to advisers with new hires
Elena Kleanthous, incoming BDM at Multrees

Customised platform provider Multrees has made a series of additions to its team as part of its continued growth drive, including appointing a business development manager from Link Fund Solutions.

Elena Kleanthous spent little over a year at Link, the firm which acted as authorised corporate director of the Woodford Equity Income Fund.

Kleanthous has spent longer periods of her career at Coutts, Barclays and Hera Wealth Partners. At Multrees, she will focus on business development.

The platform provider has also added two new team members from HSBC, including one of the bank’s former distribution managers, Alan Dickie, and one of its ex-propositions managers, Gordon Cameron.

Dickie will manage execution services at Multrees, while Cameron will manage change delivery.

“Our successful development strategy has enabled the business to witness unprecedented client growth over the past 12 months,” said Multrees chief commercial officer, Andrew Back.

In the second quarter of 2022, Multrees posted gross inflows of £2.98bn - the most of any platform provider over this period.

Back confirmed to FTAdviser that this figure, published by the Lang Cat last week, was down to a significant deal with a new family office client.

Multrees is also on the lookout for “another Saltus” as part of its growth strategy, according to Back.

“Part of our organic growth is clients of ours buying up other firms and bringing more assets to the platform,” Back explained.

He cited Saltus, a wealth manager which has made at least three acquisitions in the past year.

These include Higgins Fairbairn Advisory LLP, an independent chartered financial planner, Farnham-based firm Fish Financial, and wealth management firm NSL Wealth

This month, Saltus secured "significant" investment from private equity firm Preservation Capital Partners.

“We’d love to have another Saltus onboard,” said Back.