Raymond James has opened a new branch in Wanstead, East London, to provide a discretionary managed portfolio service to clients across the UK.
The branch, led by Simon Howland, is one of a number to open this year, including in Manchester and the City of London.
Mr Howland was previously associate investment director at Killik & Co, where he was also a member of the investment strategy board.
On his LinkedIn profile, he wrote: “After 12 years at Killik & Co and 16 years industry experience, I feel it is now the right time to follow my career goal of establishing my own investment management business.
“Not discouraged by the current economic turmoil, rather it was a contributing fact in helping with my timing, I firmly believe that the best time to establish a company is in the midst of a recession.”
Mr Howland also said: “The extraordinary events caused by Covid-19 have created one of the most exciting market environments, one to which we can’t look back on similar occurrences to give us a steer as 2020, and the reaction to which, has been truly unprecedented.
“Nevertheless, I believe it is large economic events like we are currently living through, that can throw up extraordinary investment opportunities, delivering outsized returns.”
Anthony Scott, head of business development at Raymond James, added: “Simon Howland’s branch is another strong addition to the Raymond James family, which continues to thrive and grow despite the current economic backdrop.”
Raymond James has more than 100 independent practices and 300 wealth managers.
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