Member Article

Investment firm celebrates ‘stellar’ growth

A North West investment management company is celebrating double digit percentage growth in its funds under management during 2013.

Quilter Cheviot Investment Management’s offices in Manchester and Liverpool added a combined total of £259m of funds to its portfolio in 2013, the company has revealed.

The Manchester office, based on King Street added £88m of funds to its portfolio, whilst the Liverpool office in St Paul’s Square added £171m.

The Manchester office now manages some £550m of funds and Liverpool grew from £570m at the end of 2012 to £741m at the end of December 2013 – a rise of 30%.

The company was formed last year with the merger of Quilter and Co. and Cheviot Asset Management. It has a team of 11 in its Manchester office – which this year celebrates 21 years in the city – and 13 in its Liverpool office advising clients across the North West.

CEO Martin Baines said the North West growth represented a ‘stellar’ performance and had helped the company nationally to hit the £15bn barrier for funds under management by the end of 2013.

Executive Director and Head of the Manchester Office David Rothburn said: “Everyone has worked extremely hard to make the merger of the two businesses a success. At the same time we have continued to deliver for our clients and are delighted to be here today to celebrate our continued success in Manchester.”

Rothburn added that the firm, which operates across 13 locations in the UK, Ireland and the Channel Islands, intended to capitalise on its record for consistency and quality of performance.

He said: “That track record is unquestionably helped by our position as an independent company which combines an unashamedly old-fashioned approach to client relationship management with a forward-thinking approach to asset management.”

Executive Director and Head of the Liverpool office, Richard Thorn said: “The merger of the two businesses has created a dynamic firm which has significant research and analytic resources so can bring the very latest insight and intelligence to bear. We are pleased to be part of a regional focus providing access to a first class opportunity across the North West.

“In 2014 we will be focused on continuing to drive investment performance and on cementing our pre-eminent position in the Liverpool marketplace. We believe our proposition gives us real opportunities to win new clients and extend our reach with financial advisors and professional intermediaries such as lawyers and accountants.”

Quilter Cheviot focuses primarily on structuring and managing bespoke discretionary portfolios for private clients, charities, trusts, pension funds and intermediaries.

Figures quoted as at 31 December 2013

This was posted in Bdaily's Members' News section by Simon Malia .