Rowan Dartington Group, an independent wealth management firm in the UK, has reached the £1bn ($1.56bn) milestone of client assets, growing by 72% over the last two and a half years.
The 24-year old firm said it has grown both organically and non-organically with new office openings, appointments, and the acquisition of a ‘key add-on business’ to expand its proposition. Rowan Dartington acquired Acordias, an online wealth platform based on the Isle of Man, opening up its business to offshore IFAs and their clients globally.
The wealth manager has expanded throughout the UK in 2014 with three recent office openings in Nottingham, Reading and Taunton, as well as bolstering many existing offices with new recruits.
Senior hires in these new offices included David Archer, John Scurlock-Davies and Bryn Wright, the firm said. The company has also made several new appointments in its investment management team including the appointment of John Betteridge, Prudential UK’s former chief investment officer, as chair of the company’s Asset Allocation Committee.
Graham Coxell, executive chairman of Rowan Dartington, said this milestone "fully vindicates" the firm’s strategy of putting relationships with employees, clients and business partners at the centre of everything it does to deliver "true growth in both size and reputation".
"As a team, we are extremely proud of what we have achieved, and continue to look for further strategic areas to expand into, whilst continuing to hold true to our core, the importance of attracting and retaining highly engaged employees, who provide first class advice and service to our clients and partners. We look forward to the next challenge," he added.
With branches across England and the Isle of Man, the Rowan Dartington Private Client business specialises in financial planning and discretionary investment management as well as providing a broad range of stockbroking services.