Octopus Investments has strengthened it sales team by more than a quarter to 37 following an increase in demand for tax-efficient investments.
Guy Myles, managing director of Octopus, was quoted by Fundweb as saying that the expansion of the team reflected growing demand across the UK for smaller company investing.
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The firm has appointed eight new staff to its business development team in 2013 and expects to keep growing the team, reported the news site.
With £3 billion in assets under management, Octopus offers a range of VCTs, enterprise investment schemes and inheritance tax services.
Octopus has reported an average of 76% growth in funds each year for the past decade.
Myles added that the implementation of RDR has encouraged advisers to expand the range of products offered to their clients.
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By GlobalData"We expect investment into our VCTs this year to more than double that of last year, and have experienced no problems reaching our fundraising targets for the three tranches of our EIS product that we’ve opened during this tax year."
