Investment management firm Saltus has appointed Alex Spreckley as managing director of financial planning, as it looks to grow its advisory arm.
Spreckley, previously wealth management boss of Handelsbanken Wealth & Asset Management, will help lead Saltus’ business integration following its latest acquisition.
Back in September, the firm bought Farnham-based Fish Financial, a provider of financial planning and wealth management advice to high-net-worth individuals and business owners.
Fish Financial managed £300mn of client assets and employed 16 people. The deal for Saltus followed the purchases of Lorica in 2020 and Consilia in March 2021.
Jon Macintosh, a managing partner at Saltus, said the firm was growing with “big ambitions”.
But he added: “We can only achieve these and maintain our high standards by having great people in the business, and that is why we are so pleased to be able to bring someone of Alex’s calibre onboard.”
Spreckley spent nearly 10 years at the bank-owned advice firm Handelsbanken Wealth & Asset Management.
He began his career as a paraplanner at Mitchell & Company, before spending time as an independent financial planner at Origen Financial Services, a senior wealth manager at Alexander Forbes, and a wealth planning adviser at Killik & Co.
“He will play an integral part in our ambitious plans, including our M&A strategy to buy great, like-minded firms and our campaign to become chartered,” said Macintosh.
Spreckley’s financial planning qualifications cover pensions, long-term care and equity release.
Spreckley said: "Saltus is committed to improving the lives of their clients by means of their finances, utilising technology in harmony with a people-led approach.
“I am extremely excited to be able to work with such talented people who share my passion for providing clients with financial advice of the highest quality. It’s a can-do culture and I can’t wait to get started.”
The deal in September saw all Fish Financial staff move over to Saltus, while managing director Ian Colley, director Mark Turnbull, and chairman Stephen McMillan became Saltus partners.
Fish Financials’ Farnham offices were also retained, with all clients continuing to be served by their Fish adviser and team, supported by the wider Saltus team.
Saltus said at the time of the deal that Fish Financial was part of its strategy to identify established, owner-managed firms that share its approach to wealth and investment management.
Established as an investment management business in 2004 before launching Saltus Financial Planning in 2015, the Saltus Group employs more than 90 people and manages more than £2bn in assets.
ruby.hinchliffe@ft.com
