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Walker Crips pushes ahead with adviser hires in wealth drive

Walker Crips pushes ahead with adviser hires in wealth drive

Walker Crips has continued its growth push into the wealth management space, adding both an adviser and an investment management director to bolster its teams.

The group announced today (December 22) it has hired Scott Palmer, a Harrogate-based chartered financial planner, and Jonathan Downes, investment manager at Tilney, as “part of an ambitious growth plan for the wealth management division”.

Mr Palmer joins from Novus Financial Services, having previously worked as an associate director at PWH Financial Planning. He joins Walker Crips as a financial planner, and will be advising clients.

Meanwhile Mr Downes has been appointed as an investment manager to Walker Crips’ investment management division.

Mr Downes joins the group after eight years at Tilney, having previously held positions at Brewin Dolphin and James Brearley and Sons. 

At Walker Crips, he will report directly to investment director Wesley Coultas and will focus on managing existing clients and developing the business’ proposition. 

Sean Lam, chief executive at Walker Crips, recently told FTAdviser the group was looking for at least 15 new advisers by the end of 2021 as it focused on “controlled, aggressive growth” amid a group restructure.

Walker Crips is hoping to drive further growth through its wealth division by hiring new advisers and acquiring smaller advice firms.

Dominic Martin, managing director at Walker Crips Wealth Management, said: “The addition of both Scott and James will undoubtedly strengthen our wealth management team as they bring additional breadth of knowledge and experience to our advisory offering. 

“Their recruitment is part of an ambitious growth plan for the wealth management division and we remain committed to developing strong client relationships.”

Today’s announcement follows recent developments which saw Walker Crips hire James Bonarius, an experienced financial planner also from Tilney.

Walker Crips also last month bought the client book of financial adviser MA Heap, adding the bank of high net worth clients to its wealth management arm.

Mr Downes said it was a “privilege” to be joining a “growing, dedicated and capable team”, which had an excellent reputation for strong client focus and a growing presence in the region.

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