Wealth managers, whether financial planning firms, discretionary investment managers or private banks have an exciting opportunity ahead of them.
After a period of significant change manoeuvring the perfect storm of new regulation and increasing margin pressure, every firm is now looking for growth, whether organic or acquisitive. Luckily, there are plenty of opportunities on which to capitalise. There is an intense search for operational efficiency, stronger cross-divisional unification, communication and strategy, largely being delivered through new technologies, evolving distribution strategies and vertical integration.
M&A activity is high, as is the level of focus on new client acquisition. For businesses that hire the right people with the right vision the rewards can be vast. New entrants threaten the established as technology enables the mould to be broken and new frontiers to be breached.
Our wealth management team understand these pressures.
More importantly, we know what successful groups are doing to remain profitable and retain and generate more clients. Our specialist multi-disciplinary team spans all functional areas across front and back office, including board level appointments. Hanover’s 12-strong team have specific and in-depth wealth management knowledge. We are often relied on by clients for our market insights, contribution to recruitment and corporate strategy and well-developed network of exceptional industry experts.
We have over two decades' experience in this field.
We deliver high quality C-Suite professionals with proven track records of success and the capability to build exceptional cultures and strategies. This includes CEO, CIO, COO, FD, MD and many other leadership roles front and back office.
We also have experienced teams that specialise in sourcing front office staff including private bankers, investment managers and financial planners. We know how the market remunerates, distributes and invests and where the opportunities are to hire those ‘hard to find’ individuals who are capable of generating significant levels of new assets and clients.
Partner Paul Merlin discusses how the Retail Distribution Review has impacted the wealth management market, and how Hanover has been able to support.Meet the team