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Financial Services

With experience across more than twelve financial service sectors and an established network of over 70,000 professionals we can connect specialist talent to the right business. Looking for a new financial services job or for exceptional talent? Take a look at our offering below.

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    OUR FINANCIAL SERVICES EXPERTISE

    Financial Services is core to our consultancy. With 238 combined years of market experience, our consultants are experts in their field, many having worked in the sectors they recruit for. We cover more than 12 specialist areas including; Financial Planning, Wealth Management, Commercial Banking, and Pensions & Actuarial, helping UK and international businesses secure skilled professionals. 97% of our Financial Services placements are still in place after five years.

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  • ​“Rehana was both friendly and professional the whole way through the process. She put me at ease and ensured I was well prepared for the interview. Rehana took into consideration all my requirements and matched me to a role that was exactly right for me and my circumstances. I would definitely recommend her to others.”

    Rehana Sadiq, Senior Consulting, Financial Services
    Rehana Sadiq, Senior Consulting, Financial Services

  • ​“Rehana was one of 5 recruiters to try and offer me a job, but was the only one to actually ask me about where I’d like to work and genuinely listened. She used her contacts and experience within the industry to land me the exact job I wanted, with the company I’ve wanted to work for, for a long time - so her results speak for themself. Rehana was a dream to work with from start to finish and if I ever decide to move jobs in the future I will look no further than her.”

    Rehana Sadiq, Senior Consultant Financial Services
    Rehana Sadiq, Senior Consultant Financial Services

  • ​“Thank you for all your help, Louise! Must say I’m very impressed with you and the way you have been so on the ball and efficient. I have registered with a few recruitment services and not one of them got back to me after my initial contact, but you have been amazing!”

    Louise Bibb, Regional Manager Financial Services
    Louise Bibb, Regional Manager Financial Services

  • ​“Lynn was amazing and had me set up with interviews within a day or two. I wouldn’t have managed this myself and I am so very grateful for all of her help and support during this process.”

    Lynn Wilson, Senior Consultant Financial Services
    Lynn Wilson, Senior Consultant Financial Services

  • "​Ashlea spent three years trying to contact me - that is tenacity!! It paid off because when I was ready to leave my job her name was very familiar to me, so I was happy to have a chat. She does her homework and does not try to fit a round circle into a square hole. She actually takes time and care in selecting the right candidates for the roles she has and therefore both parties are happy with the outcome. She was incredibly professional and responsive making sure that the interview and enrolment process was moving forwards quickly. She builds rapport easily and consequently, I find her very easy to talk to. Would highly recommend. Thank you Ashlea - I am happy to be working again!"

    Ashlea Walton, Client Director Financial Services
    Ashlea Walton, Client Director Financial Services

  • ​"I can't thank Alison MacMillan enough for her dedication and professionalism in helping me to secure a fantastic new role with one of the top companies in the UK. Friendly and approachable, she has been extremely supportive throughout the whole journey.She is extremely proactive, knowledgeable, polite, and supportive. She has a genuinely positive, can-do attitude and worked with me to better understand the roles that I was genuinely interested in - rather than blindly sending lists of unsuitable vacancies. Highly recommend."

    Alison MacMillan, Executive Director Financial Services
    Alison MacMillan, Executive Director Financial Services
Risk & Compliance

Risk & Compliance

Our Risk & Compliance consultants know how difficult it is to attract highly skilled professionals who understand the complexities of the risk, compliance and regulatory market. They have ove...

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LATEST JOBS Financial Services
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Compliance Manager

London
£60000 - £75000 per annum

A leading national Independent Financial Advisory (IFA) firm is looking for an experienced Compliance Manager to provide maternity cover for 9 months. This is a fantastic opportunity to join a well-established and growing financial planning business, working closely with senior leadership and ensuring regulatory excellence across the firm. The Role Reporting directly to the CEO, you will play a key role in maintaining and enhancing the firm's compliance framework. Key responsibilities include: Managing the compliance framework to ensure regulatory adherence and best practice. Oversight of file reviews (working alongside an outsourced partner). Leading a compliance audit scheduled for Q3, ensuring all regulatory requirements are met. Acting as a key compliance advisor to the leadership team. Providing compliance guidance and support across the business. To be successful in this role, you must have: Financial planning/IFA compliance experience - a strong understanding of the regulatory landscape. Level 4 Diploma in Financial Planning (or working towards it) - highly desirable. Experience in managing compliance frameworks and audits. The ability to work independently and advise senior stakeholders. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

IFA

Edinburgh
£70000 - £90000 per annum + Bonus

We are excited to present an excellent opportunity for a Financial Planner to join a thriving independent financial planning firm as a Review Financial Adviser. In this role, you will provide exceptional financial planning, advice, and service to clients. This is a hybrid position, so candidates should be within a commutable distance of Edinburgh. With a well-established presence across the UK, the firm has experienced significant growth through strategic acquisitions. Their ongoing success has resulted in the creation of two brand-new positions in their Edinburgh office. The ideal candidate will: Hold CAS - or be working towards Level 4 diploma qualified Experience using Microsoft Word and Excel and databases Desire to be a successful Financial Planner Your role will include but will not be limited to: Look after a client base that will be given to you. Generate new client enquiries and generate advice income from these Convert the client leads Undertake sales and marketing activity in line with local/regional/national plans Work to achieve or exceed annual new business revenue target Provide expert independent advice to designated clients Maintenance of 'fit and proper' status through continuous professional development, suitable development opportunities and maintenance of SPS Evidence and maintain knowledge of company policies, processes and guidance Ensure that client advice and reports are compliant with company processes and regulatory requirements Use standard template documentation approved by the company Ensure technical knowledge and general industry knowledge is always maintained Delivery of a positive client service experience to ensure appropriate client outcomes, client journey and client communication Speed of response/turnaround time in accordance with service standards set out in procedures and clients kept appropriately appraised Develop and maintain good working relationships with external professional connections (ensuring appropriate agreements in place) to develop additional business opportunities Use objectives to focus on key business areas Highlight personal training needs to ensure a consistent level of service is offered to the business The successful candidate will need to be Level 4 Diploma qualified. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Senior Paraplanner

Harrogate
£44000 - £47000 per annum + Bonus

Due to internal promotion, I am assisting a highly reputable Financial Planning business who require a Senior Paraplanner to join their team in Harrogate. The business offers a true pathway to progress which, in this instance, may be towards an Advisory capacity or as a more senior member of the paraplanning/support team. Coupled with an outstanding reputation, this sets it apart from their competition in the local market. Responsibilities: Preparing pre-approval documentation prior to report writing. Utilising all technology to produce accurate solutions for clients. Providing accurate, timely and compliant suitability reports. Ensuring all advice documentation is compliant according to FCA guidelines. Working with the adviser to gather sufficient client information. Perks: 30 days annual leave plus bank holidays. Discretionary bonus. Flexible and hybrid working - 3 days/week in Bristol Private medical insurance. Healthcare cash plan. Study support to develop and progress. The successful candidate will need to have achieved their Level 4 Diploma qualified and demonstrate recent and relevant experience within a Paraplanning capacity, working with complex clients. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Paraplanner

Harrogate
£38000 - £40000 per annum + Bonus

Due to internal promotion, I am assisting a highly reputable Financial Planning business who require a Paraplanner to join their team in Harrogate. The business offers a true pathway to progress which, in this instance, may be towards an Advisory capacity or as a more senior member of the paraplanning/support team. Coupled with an outstanding reputation, this sets it apart from their competition in the local market. Responsibilities: Preparing pre-approval documentation prior to report writing. Utilising all technology to produce accurate solutions for clients. Providing accurate, timely and compliant suitability reports. Ensuring all advice documentation is compliant according to FCA guidelines. Working with the adviser to gather sufficient client information. Perks: 30 days annual leave plus bank holidays. Discretionary bonus. Flexible and hybrid working - 3 days/week in Bristol Private medical insurance. Healthcare cash plan. Study support to develop and progress. The successful candidate will need to have achieved their Level 4 Diploma qualified. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Assistant Financial Planner

Birmingham
£40000 - £60000 per annum + Benefits + Bonus

Are you a driven and ambitious financial planning professional looking to take the next step towards becoming a fully-fledged Financial Planner? We have an exciting opportunity for an Associate Financial Planner to join a dynamic and growing firm in Birmingham. This role is perfect for a Level 4 Diploma-qualified individual with at least one year of experience in a financial planning role. You will work closely with senior Financial Planners, receiving hands-on mentorship, access to an existing client base, and a structured career development path to help you progress into full advisory status. What You'll Be Doing: Working alongside experienced Financial Planners, supporting client relationships and developing your own portfolio. Engaging with clients to gather information, understand their needs, and provide proactive support. Keeping up to date with industry trends, regulations, and market insights to enhance your advisory skills. Working collaboratively with Paraplanners and Administrators to ensure seamless client service. What We're Looking For: Level 4 Diploma in Financial Planning (DipPFS) or equivalent - Essential. Experience in a financial planning role. Strong technical knowledge of investments, pensions, tax planning, and protection. Excellent communication skills with a client-first approach. A proactive and ambitious individual eager to progress to full Financial Planner status. Experience using financial planning software and CRM systems. What's in It for You? Salary up to £60,000 (depending on experience) plus performance-based bonus. Structured career path with a clear route to becoming a fully qualified Financial Planner. Hybrid working options to support a great work-life balance. Generous holiday allowance, plus the option to buy or sell additional days. Pension contributions, life assurance, and private medical benefits. Ongoing training, development, and mentorship to help you reach your full potential. This is an excellent opportunity for a talented financial planning professional to take a step closer to full advisory status in a supportive and forward-thinking environment. Apply today to find out more! Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Paraplanner

Knutsford
£35000 - £45000 per annum

My client is currently looking for an experienced Paraplanner in Knutsford. What will you be doing? Preparing suitability reports and provide technical research services holistically across a broad range of financial products to a team of Financial Planners Ensuring that the preparation of advice for clients is of the highest quality and delivered in an efficient manner whilst mitigating any risks to the business and assisting with the achievement of business targets Supporting financial planners with client meetings including presentation of cashflow and other duties such as preparing responses on technical matters Carrying out any necessary technical research Ensuring client records contain sufficient Know Your Client information to demonstrate suitability of our advice, and that they are kept accurate and up to date at all times Working with the Financial Planner to ensure the correct client outcome in achieved Attending client meetings to support the Financial Planner in the delivery of cashflow modelling, as required Managing own workload to meet personal targets Communicating effectively with the Financial Planners to manage expected delivery dates Responsible for managing process, tasks and complying with FCA guidelines Maintaining core systems ensuring that all documents are uploaded to the back-office system to support the advice Identifying and report any risks, breaches, or errors through ensuring risks are logged through to mitigating actions and controls To be successful in this role, you should have: Demonstrable experience of paraplanning gained with a proven solid technical knowledge A good knowledge of advice and understanding of clients' needs and the desired client outcomes Proven track record of delivering written financial advice Good organisation and prioritisation skills; able to work independently and within a team Excellent communication skills both written and verbal Good stakeholder management with positive influencing skills Literacy, numerical and analytical skills are essential Level 4 qualified As a colleague here you will have access to benefits that include: Competitive salary Private medical insurance Life assurance Pension contribution Hybrid working model (role dependent) Generous holiday package Option to purchase additional holiday Shared parental leave For more information please contact Graeme Hyland on 07896 933622 or email Graeme.hyland@idexconsulting.com Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

IFA

London
£90000 - £140000 per annum

Role: A Chartered IFA practice in London require an extremely experienced Chartered Financial Advisor to join the team You will inherit a high value client book that has been cultivated by the existing advisor for over 40 years! Portfolio of 115 households with circa £100 million AUM You will provide exemplary service and work closely with the existing advisor to allow for a seamless transition You will also need the experience and gravitas to continue the close relationship with city based professional connections who have referred their clients to the practice for decades Salary is genuinely fully negotiable. If you have the skills, experience and profile to make this role a success you will earn extremely well both in basic salary and additional earnings You: Must be level 6 qualified via the CII Be able to demonstrate a number of years experience providing high quality, technical advice to high net worth individuals and families Be able to gain the trust of, and cultivate relationships with, longstanding professional connections You will work in a high functioning, close knit team so a minimum of 2 days per week in the central London office is a must. Hybrid working is offered but this is not a home-based/remote role This role is ideal for someone who sees their strength within client relationship management, offering a truly bespoke service across multigenerational families and retaining these clients…..No new business requirements! This is a truly Tier 1 Advisor opportunity in London. The role itself provides a client book of over £100 million AUM, the company are chartered and work to the highest levels of professionalism. They have invested heavily in new technology to improve the client experience and to allow the advisors to do what they do best! You will have full admin, paraplanning, compliance operational support on hand in the office. Interested? Contact me for a fully confidential conversation where you can learn more 07407626734 or david.elders@idexconsulting.com Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Trainee Financial Adviser

Glasgow
£40000.00 - £45000.00 per annum + Bonus

Are you an adviser who writes your own suitability reports or an experienced, level 4 qualified Paraplanner interested in combining that with delivery of advice and take your role to the next level? Idex consulting are looking for someone who is passionate about great client service to join this Large IFA. If you would like a role that combines advice and paraplanning/suitability report writing for an established portfolio of clients I want to hear from you. The role: The Trainee Adviser helps to execute the delivery of the Regional Business plan through great financial planning and service to clients whilst adhering to the relevant regulatory and governance requirements and giving due consideration to internal and external business risks You will undertake broad financial planning ensuring each client's goals are fully understood and the most appropriate solution offered Over the course of the first year you will then be given clients to manage whilst still maintaining some paraplanning duties You will deliver high quality financial planning remotely and achieving required quality standards on a consistent basis Identify additional opportunities from clients while deepening our understanding of their needs to ensure we exceed expectations and build lasting relationships Maintain up-to-date technical knowledge of investment markets, products and services, financial planning methodologies and tax, key processes, advice guidelines and compliance procedures Build and maintain personal and business relationships to help identify new opportunities as well as raise the firms profile Undertake paraplanning for own clients, research, analyse and prepare technical reports for clients relevant to their specific goals, seeking support when needed Build links with the clients' other professional advisers to help the client meet their needs Secure client commitment to initial and on-going financial planning services, securing and growing assets under advice and initial and on-going revenues You must be a minimum Level 4 qualified and have previously worked as a Paraplanner, have strong influencing and communication skills to build and maintain trusted and strong relationships with clients to aid retention and introductions to generate value for clients and the business This is a unique opportunity not to be missed and will offer the gateway to full Financial Planning. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

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M&A financial services market analysis: new opportunities for IFAs

​IDEX Consulting spoke to James Salmon, financial services M&A specialist, on the state of the M&A market, opportunities for firms and how leaders can differentiate themselves to secure the best possible deal. James shares his thoughts below. How has the 2025 M&A market fared so far?Deal volumes have continued to rise over the past few years, by around 12% year-on-year, with the highest rise since 2021, and so it’s no surprise that there has been a degree of optimism throughout 2025 so far. A key driver of course, was the need for many buyers and sellers to finalise deals ahead of the changes to business asset disposal relief and capital gains tax hikes, which were more outstated than anticipated.Publicly disclosed deal value rose from £2.1 billion to £9.3 billion in 2024, and we anticipate the sentiment to be much of the same in 2025. There’s increased appetite and interest coming from Private Equity backing in the IFA sector, alongside investment banks and regional practices with an interest in national growth and scale.What can we expect to see for financial advice firms throughout 2025?There will be a number of things which continue to influence and develop the market. Several key things to note are:An increase in buy out options– There will likely be an increased interest in buy out options for lifestyle IFAs, facilitated through share and asset purchase deals. Growing regulatory pressure – With intensified scrutiny driven by the Consumer Duty in recent history, alongside new laws shaping market dynamics, companies will need to adapt to changing regulations and compliance. Private equity (PE) investment – Continued overseas private equity interest in acquiring UK assets, alongside appetite from existing PE holdings for consolidation, continues to show promise. The Office for National Statistics (ONS) reported that foreign investors have acquired around £7.8 billion worth of UK firms in the last quarter of 2024. Global private equity firms have record levels of capital to deploy and are under a lot of pressure to either use the money to invest or return it to their original investors, creating an aggressive PE platform. Technology and AI innovation – Acquisition of businesses with AI capabilities offers a relatively efficient way to onboard advanced technology and expertise. In 2024 there was around 857 enterprise tech deals, with value rising to above $30 billion, driven by PE investment and large transactions.Acquisitions based on a retiring IFA workforce – Research shows that around 50% of independent advice firm owners are planning their succession with a key driver being retirement.Is now a good time to acquire or sell?Activity in the market is strong, and the volume of deals is good. The buy and build strategy, especially on a regional level continues to offer firms an attractive and steady way to diversify and provide clients with a wider range of solutions.For those looking to sell, now is as good a time as any to consider the market for options. Although there is of course a degree of political and economic uncertainty, many businesses are proactively leveraging economies of scale for business growth. We expect to see a continued merging of consolidators to take greater precedence this year, as they reach the end of their PE investment cycles and look at extension and reinvestment options.What are the top challenges businesses will face this year, and how can they prepare themselves?Talent attraction - Attracting and engaging the best talent in the market continues to be a challenge for most businesses, especially for specialised roles that require advisory, data, technology and cybersecurity skills. Having the right capabilities and talent in place is an attractive factor for businesses who are considering a sale. Our recommendation would be for businesses to seriously assess their internal recruitment plan and employer branding strategy to help ensure the topic of talent doesn’t dampen expectations.Rising class 1 employer national insurance – From April 6th employer national insurance will rise by about 1.2%, from 13.8% to 15%, with no immediate reprieve in sight, creating an additional strain for employers. This is particularly true of small and medium sized enterprises which are already operating on tight margins and are likely to have fewer resources to be able to absorb increases and reinvest. This squeeze on profitability is likely to encourage businesses to evaluate how they can offset this additional financial burden. FCA’s change in control process – Those considering disposal will be aware that increased regulation is delaying the Change in Control process. Understandably sellers and buyers are becoming frustrated given many want to complete before the April 6th increase in Business Asset Disposal Relief and Capital Gains Tax. What was once a 60-day standard review can now be paused mid cycle, extending to lengthier timeframes on more complex transactions, creating a great deal of uncertainty. The impact of consumer duty on integration – Consumer Duty has shone a light on acquisitions with firms now taking a more conscious perspective on how they onboard and integrate partners to align with regulation whilst maximising ROI. To comply with regulation, pricing structures need to be aligned to drive consistency of service, ensure fair value and at the same time ensure profitability for investors and shareholders. Those who are prepared well for Consumer Duty, will have a market proposition which makes for a smoother transition and integration process.What opportunities are there for buyers?There’s a broad and deep mix of opportunities in the market for buyers, based on a number of factors:Retiring advisors and succession planning The average age of a financial advisor is 58 and around 50% of financial advisors are expected to retire in the next ten years, but only a third have succession plans in place. Market consolidationWe’re seeing more scale driven consolidation, as smaller firms continue to struggle with increasing compliance costs, technology demands, and talent needs.M&A transactions in the wealth management sector reached record levels in 2023-2024 with the average deal size growing from $1.8B AUM in 2022 to $2.3B AUM in 2024. Growth potential Projected compound annual growth rate for the global wealth management market is estimated to be around 9.2% by 2030, offering a scope of opportunities for IFAs. Specialised acquisitions involving niche areas around ESG and AI, or those which will help attract new client demographics, will help to accelerate growth into new and existing geographies.Technology integrationThis year AI capabilities will reach new heights and the ability to integrate new platforms and systems to increase operational efficiency will be crucial. Research shows that firms with strong digital platforms tend to have a higher productivity rate per advisor, of at least 30-40%. 78% of advisors cite technology integration as a major challenge in post-acquisition integration, so being able to get ahead of this will considerably aid competitive advantage. What opportunities are there for vendors?There’s a wide pool of active vendors in the market looking for quality merger or acquisition opportunities, and we see a ‘sellers’ market forming across the sector. This is further evidenced by the increasing demand from consolidators, private equity firms and larger wealth management organisations for increased deal flow.Due to increased regulatory scrutiny, buyers often have a more defined and Consumer Duty compliant proposition than ever before, offering vendors more security from a client continuity perspective.These greater controls coupled with greater scale, capital, and operational efficiency, creates an attractive proposition for both the vendor, their team and clients.For those looking to sell, how can they differentiate themselves from other businesses and make themselves appealing to buyers?There are a number of critical factors when considering your plans to merge or exit:Plan ahead –Those who have a deep understanding of the inner dynamics of their business, are likely to be prepared to address challenges that come with an acquisition. Anything a vendor can do to minimise disruption and risk during integration will put them at a huge advantage in ensuring both continuity and the achievement of earn-out. Acquisitions take time, and getting on the front foot enables business owners to mitigate against perceived challenges and achieve transaction success.Conduct a thorough review and analysis – A SWOT analysis can be a simple but effective way to assess your opportunities, strengths and potential threats both for your business and in the marketplace. Understanding this will help you minimise risk and alleviate issues before they become problematic.Seek advice from a trusted broker – Engage with a well-connected and trusted broker who understands the market. M&A experts have strong connections in the market and can help match you to the right partner. A broker can also help promote and pitch your proposition effectively in the marketplace, to help attract suitable buyers who align with your values, whilst addressing challenges which may later arise through a transaction.Prepare information ahead of time – Vendors often underestimate the depth of information required for the due diligence process. Always try and put yourself in the shoes of the buyer – what would you want to see and analyse to bring you the confidence that this is the right deal?Explore your trade-offs – What are you willing to compromise on to achieve the best deal? What's important to you? What’s a non-negotiable for your clients, your team and long-term goals? This will help you identify which acquirer presents the best and most secure opportunity, that aligns with your vision. Why should a buyer or seller partner with IDEX?IDEX Consulting are different to other brokers, we are an independent advisor uniquely positioned to provide impartial consultancy to those exploring their buy-and-sell options. We partner closely with firms to ensure we truly understand their values and long-term objectives. This helps us to dissect the market and filter out acquirers whose values and motives don’t align with that of a vendors.For us it’s not just about a sale or acquisition, it’s about enabling and supporting the lifestyle, financial and personal goals of everyone involved to ensure the best outcome is achieved. Due to our talent management and marketing expertise, we also help businesses with future growth post integration through innovative value propositioning and talent insights.Our team of M&A consultants have over 150 combined years of experience, with an established network of over 40,000 UK and international businesses, having introduced £13 billion AUA of opportunity to firms across the financial services sector. We also work with a range of legal, financial, tax and regulatory specialists to equip our clients with invaluable knowledge and support, who all work to support each stage of a transaction.For a confidential chat on the M&A market or if you’re looking to explore your options, contact our financial services M&A consultant, James Salmon.
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Financial Services newsletter Friday 28th February 2025

​Financial Services NewsSchroders has secured regulatory approval for an infrastructure-focused LTAF, feeding into its Energy Transition fund, which invests in 160 global assets like wind farms and battery storage. Aimed at UK wealth managers, the Oeic-structured fund has a 1.27% annual fee with no performance fee. (John Schaffer, 25/2/2025, Citywire Wealth Manager, 'Schroders to launch infrastructure LTAF for wealth market')Evelyn Partners reported record 2024 AUM of £63bn and £2.6bn in Q4 gross inflows, up 36.8% from Q3 and 23.8% year-on-year. Outflows rose as clients reacted to the Autumn Budget, interest rates, and borrowing costs. (Financial Planning Today, 12/2/2025, 'Evelyn Partners AUM hits record £63bn')Aviva’s wealth arm saw net flows rise 23% to £10.3bn in 2024, with assets under management growing 17% to £198bn. Retirement sales surged 33% to £9.4bn, driven by record bulk purchase annuity (BPA) sales of £7.8bn. (Financial Planning Today, 27/2/2025, 'Aviva net flows climb 23% as AUM rises 17%')In further news...In 2024, Aviva generated over 7,000 referrals into Succession Wealth, creating £2.5bn in opportunities for its planners. Since acquiring Succession for £385m in 2022, Aviva has seen an 84% increase in the value of assets secured through referrals. The acquisition aimed to strengthen Aviva's position in the UK wealth market. (Lois Vallely, 27/2/2025, Money Marketing, 'Aviva referrals create £2.5bn opportunity for Succession')Brooks Macdonald saw £300m in net outflows in H1, with £1.1bn in new money offset by £1.4bn in withdrawals, mainly from its bespoke service before October’s Budget. In contrast, its model portfolio service (MPS) saw £288m in net inflows, bringing total MPS assets to £5.8bn, up 7% year-on-year. (Charles Walmsley, 27/2025, Citywire Wealth Manager, 'Brooks Macdonald’s MPS arm offsets bespoke outflows')St James’s Place (SJP) is exploring a passive investing proposition for the first time while also integrating AI tools and engaging in the advice guidance boundary review. Currently focused on active funds, SJP has gradually allocated more to passives in its Polaris range. Full-year results show a post-tax cash profit of nearly £400m and over one million clients, though shares fell 5% amid forecasts of lower profitability in 2025-26 due to a £160m fee model overhaul. (Victoria Bell, 27/2/2025, Citywire Wealth Manager, 'SJP explores passive proposition in strategy shift')In further news...St. James’s Place has launched a £92.6m share buy-back to reduce issued share capital, following a return to profitability, with shares recovering 24% this year after hitting a low of 808p in January. (Financial Planning Today, 28/2/2025, 'St James's Place launches £93m share buy-back')Rathbones’ 2024 pre-tax profits surged 73% to £99.6m, largely driven by its merger with Investec Wealth & Investment. Despite some investment manager departures and client transitions, the integration has been positive, with nearly all 55,000 clients set to migrate by June and only 0.3% declining the move. (Sophie Downes, 26/2/2025, Citywire Wealth Manager, 'Rathbones reports 72% jump in profits; headcount to fall further')James Hambro & Partners posted an 18% rise in pre-tax profit to £17.2m for the year to April 2024, with revenue up 11% to £39.1m and AUM reaching £7bn by December. Amid industry consolidation, its 59 partners shared £10.2m in profits, with the top earner receiving £2m. (Sophie Downes, 20/2/2025, Citywire Wealth Manager, 'James Hambro & Partners CEO: Consolidation is an excellent opportunity for us')Aviva Investors has launched its fourth LTAF, the Venture & Growth Capital fund, aimed at DC pension customers. Seeded with £150m from Aviva, the evergreen fund targets UK, European, and North American ventures in fintech, healthtech, science, and sustainability. (Victoria Bell, 4/2/2025, Citywire Wealth Manager, 'Aviva launches venture LTAF for pension customers')Leicester-based Chartered Financial Planning firm Boolers has launched three multi-asset fund of funds, transferring £500m from model portfolios. Managed in-house, the Cautious and Balanced funds have a 1.16% OCF, while the Adventurous fund has a 1.19% OCF. (Financial Planning Today, 25/2/2025, 'Chartered Planner adds 3 multi-asset fund of funds')Aegon’s UK adviser platform saw £1.77bn in net outflows in H2 2024, improving from £1.9bn a year prior, amid high withdrawals and market consolidation. AUA rose 2% to £51.6bn, with Aegon investing £70m annually to enhance the platform, targeting growth by 2028. (Financial Planning Today, 21/2/2025, 'Aegon adviser platform outflows continue')Bath-based Chartered Financial Planner Fidelius has rebranded after securing investment from Sweden’s Söderberg & Partners. Aiming to double AUM by 2029, the firm seeks to become a top 20 IFA and has introduced a new logo, website, and the slogan “Make it happen.” (Financial Planning Today, 18/2/2025, 'Bath Planner Fidelius rebrands amid expansion plans')Quilter Financial Planning has added four new appointed representative firms: LDB Wealth Management, Sound Wealth Planning, Andrassy Parkin Financial Planning, and MacKenzie Financial Management. LDB, led by Lewis and Donna Burt, joins from St James’s Place in Dartford. Sound Wealth Planning, founded by Graeme Oudney in Fife, started last year. Andrassy Parkin, led by Kathryn Andrassy and Kathryn Mumby, is based in Wakefield. MacKenzie, led by Alastair MacKenzie with 35 years of experience, operates in Surrey. These firms join eight others that joined in December. (Financial Planning Today, 6/2/2025, 'Quilter network adds 4 new AR firms')Rathbones expects an additional £7m in annual costs from the April 2025 increase in employers' National Insurance Contributions (NIC). The firm anticipates reducing headcount in 2025 to offset the costs, driven by synergy delivery and continued cost discipline. (Lois Vallely, 26/2/2025, Money Marketing, 'Rathbones expects to cut jobs as NIC changes add £7m per year in costs')2025 Employee Benefits employment outlook - The 2025 employee benefits outlook highlights rising healthcare costs, talent shortages, and dissatisfaction with workloads and development opportunities. Employers are facing challenges in attracting and retaining talent, leading to higher salaries and costs. Competitive compensation and a strong employer brand will be key to recruitment success. Access our article for the latest data driven insights. (IDEX Consulting news, '2025 Employee Benefits employment outlook')Building hybrid inclusive cultures - Inclusive hybrid work cultures require businesses to go beyond diversity metrics by embedding inclusive management practices, ensuring equal access to opportunities, addressing remote work challenges. Read how you can foster open communication, and actively support diverse employees to prevent marginalisation and retain talent. (IDEX Consulting news, 'Building hybrid inclusive cultures')2025 Wealth Management employment outlook - In 2025, the wealth management sector anticipates growth and innovation, with 73% of employers planning to hire new talent; however, 64% foresee challenges in finding suitable candidates due to an ageing workforce, compliance and regulatory pressures, and the need for competitive compensation packages. Learn how you can attract the best talent in the market with our insights piece. (IDEX Consulting news, '2025 Wealth Management employment outlook')How predictive analytics is shaping insurance - Predictive analytics is revolutionising the insurance sector by enhancing risk assessment and underwriting through the analysis of extensive datasets, improving fraud detection by identifying patterns indicative of fraudulent activity, and increasing operational efficiency by automating routine tasks, thereby enabling insurers to offer more personalised services and remain competitive in the market. Learn how it might impact your relationship with insurers and brokers. (IDEX Consulting news, 'How predictive analytics is shaping insurance')Mergers and AcquisitionsEvelyn Partners is refocusing on core wealth management, with PE backer Permira streamlining operations to facilitate a potential £1.5bn sale in 2026, likely to another PE firm or a bank. (Zachariah Sharif, 27/2/2025, Citywire Wealth Manager, 'Will Evelyn’s wealth refocus trigger a sale in 2026?')According to Opinium’s latest IFA Barometer, merger and acquisition activity in the IFA market has accelerated, with 9% of firms acquiring others since December 2024. This marks a rise from 5% in February and 6% in September 2024, highlighting increased consolidation in the sector. Meanwhile, smaller firms are increasingly exiting the market. (Financial Planning Today, 5/2/2025, 'M&A activity in IFA sector gathers pace')Abrdn Diversified Income and Growth (ADIG) is in talks to sell its remaining portfolio as it winds down. A potential buyer is reviewing its private assets, with the board assessing the deal against other strategic options. The trust has already returned £115m to shareholders, with remaining assets maturing between 2025-2033. (Danielle Levy, 26/2/2025, Citywire Wealth Manager, 'Abrdn Diversified in talks to sell private assets portfolio')In further news...Abrdn has put its restricted advice business, formerly 1825, up for sale as CEO Jason Windsor seeks to simplify the group’s structure. The sale process is in the early stages, with an information memorandum sent out for the £4bn asset business with over 60 planners. Corporate finance adviser Dyer Baade is advising, with the internal name for the process being Project Easter. (Victoria Bell, 6/2/2025, Citywire Wealth Manager, 'Abrdn puts advice arm up for sale')Canaccord Genuity Wealth Management (CGWM) has completed the acquisition of Brooks Macdonald’s international arm for up to £50.85m. CGWM will pay £28m upfront for Brooks Macdonald Asset Management International, with the remainder contingent on performance. The sale follows a strategic review after Brooks took an £11.6m hit on the business’s value, allowing it to refocus on core investment management and financial planning. (Dylan Lobo, 24/2/2025, Citywire Wealth Manager, 'Canaccord seals deal for Brooks Macdonald’s international arm')Tavistock has completed its £6m acquisition of asset manager and DFM Alpha Beta Partners (ABP), with total consideration potentially reaching £18m based on performance over the next five years. ABP, with £3bn in AUM, specialises in tailored portfolios for advisers and high-net-worth clients. This follows Tavistock’s sale of its financial advice businesses to Saltus in December. (Financial Planning Today, 20/2/2025, 'Tavistock completes takeover of £3bn AUM DFM')Saltus has acquired Newcastle-based Lowes Financial Management, marking a new chapter in the 54-year-old firm's history. The acquisition aims to enhance service and value while preserving Lowes’ long-standing values. The financial terms of the deal were undisclosed. (Financial Planning Today, 17/2/2025, 'Saltus takes over Newcastle Planner Lowes')Benchmark Capital, part of Schroders, is acquiring Huddersfield-based Robertson Baxter, a directly authorised adviser firm with £200m in assets. The deal, part of a retirement strategy for Founders Greg Robertson and Stephen Baxter, will enhance practice management and compliance support. The financial terms were undisclosed. (Financial Planning Today, 13/2/2025, 'Benchmark acquires £200m AUA Yorkshire adviser')WBR Group has acquired Standard Life’s SSAS book, comprising 270 schemes, 246 properties, and £403m in assets. WBR, which has administered the book for over 20 years, will continue managing clients with a branding change. The acquisition provides clients access to additional investment options and services, with the trustee switching to WBR Trustees Limited. (Financial Planning Today, 13/2/2025, 'WBR acquires Standard Life’s £403m SSAS book')In further news...WBR Group has acquired pension consultancy Censeo Actuaries & Consultants, rebranding it as WBR Actuarial Limited on 1 April. The acquisition, aimed at enhancing SSAS, DBSSAS, and actuarial services, adds three qualified actuaries to WBR’s team of nine professionals. The deal supports WBR’s strategy of growth through acquisition and diversification. (Financial Planning Today, 10/2/2025, 'WBR Group acquires pension consultancy Censeo')Lumin Wealth has acquired Berkshire-based Financial Planner Professional Financial Centre (PFC), with £50m in AUM, marking its ninth acquisition since 2019. The deal supports Lumin's strategy of partnering with like-minded advisers. Lumin Wealth, a financial adviser and discretionary fund manager, has offices across multiple locations, including St Albans, London, and Reading. This follows Lumin’s recent acquisition of B W Financial Consultants Ltd, adding £95m in assets. (Financial Planning Today, 13/2/2025, 'Lumin Wealth acquires Berks Financial Planner firm')Shackleton (formerly Skerritts) has acquired Norfolk-based Harrold Financial Planning, adding £300m in AUM and expanding its presence in the east of England. This marks the 16th deal since Shackleton's £55m investment from Sovereign Capital Partners in March 2021. CEO Paul Feeney said the acquisition aligns with the firm’s goal of becoming Britain’s leading financial adviser. Harrold Financial Planning was founded in 1988 by Paul and Pauline Harrold. (Financial Planning Today, 10/2/2025, 'Shackleton snaps up £300m AUM Norfolk Planner')Nest, the UK’s largest pension scheme with over 13m members, has acquired a 10% stake in IFM Investors’ holding company, subject to shareholder and regulatory approvals. The deal, expected to complete by mid-2025, supports Nest’s goal of increasing private market asset allocations from 17% to 30%. Nest plans to invest £5bn through IFM by 2030, focusing on infrastructure, debt, and private equity, with an emphasis on new UK investment opportunities. (Financial Planning Today, 5/2/2025, 'Nest acquires stake in pension capital investor')Brooks Macdonald has completed its £45m acquisition of LIFT-Financial Group and LIFT-Invest, adding £1.6bn in assets under advice (AUA) and 1,350 clients to its Financial Planning business, which now has £6.4bn in AUA. The deal, first announced in October, also brings around 90 advisers and Paraplanners into the fold. LIFT Founder Michael Holden will assume the new role of CEO of Financial Planning for the combined business. (Financial Planning Today, 3/2/2025, 'Brooks Macdonald completes £45m LIFT deal')​Movers​Schroders has appointed Oliver Gregson, former JP Morgan Private Bank UK Head, as CEO of its wealth management business, succeeding Mary-Anne Daly in June. Daly will remain a Strategic Adviser to Schroders Wealth. Gregson brings over 25 years of experience, having previously held senior roles at JP Morgan, HSBC, Barclays, and UBS Wealth Management. (Sophie Downes, 26/2/2025, 'Schroders hires ex-JP Morgan Private Bank UK head as wealth CEO')In further news...Schroders has appointed Vikram Bhandari as Head and CIO of Schroders Capital Solutions. Bhandari joins from BlackRock, where he spent seven years as Senior Portfolio Manager for its multi-alternatives private markets solutions business, designing and managing products for institutional and wealth clients. At Schroders Capital, with €90.8bn in assets, he will focus on expanding the solutions business, creating portfolios across various asset classes. (John Schaffer, 24/2/2025, Citywire Wealth Manager, 'Schroders poaches from BlackRock for head of private assets solutions')Abrdn has appointed Siobhan Boylan as CFO from Coutts, succeeding Jason Windsor, with Boylan also joining the board; interim CFO Ian Jenkins will become Finance Director of the investment business upon her summer arrival. Boylan brings extensive experience, having previously served as CFO at Brewin Dolphin, LGIM, and various Aviva divisions, and led finance at Coutts for 18 months. (Zachariah Sharif, 28/2/2025, Citywire Wealth Manager, 'Abrdn hires CFO from Coutts')Fintech Dunstan Thomas CEO Ihab El-Saie will retire at the end of March after nearly a decade at the firm and a distinguished fintech career, including leading three successful software firms and driving multiple corporate exits. Julia Fintz, the current COO, and Paul Muir, the CPO, will step in as joint Managing Directors. Fintz brings operational expertise, while Muir has deep product development experience, ensuring strong leadership continuity. (Tom Browne, 27/2/2025, Money Marketing, 'Leadership change at Dunstan Thomas as CEO retires')Brooks Macdonald has hired Neil Cowell, former Head of UK Distribution at Vanguard, to lead its IFA sales efforts. Cowell spent 12 years at Vanguard and previously led distribution for UK retail banks and wealth managers at Standard Life for six years. Brooks has also appointed Debbie Dalzell, previously of GAM and BlackRock, as Chief People Officer. (Natalia Vasnier, 21/1/2025, Citywire Wealth Manager, 'Brooks hires ex-Vanguard veteran in IFA sales push')Barry Smead, Chief Operating Officer of JM Finn’s investment management function, has resigned after nine years with the firm. He is currently on gardening leave after submitting his notice in September 2024. Smead joined in 2016 as a Business Manager and rose to Head Investment Management Operations before becoming COO. Prior to JM Finn, he held COO roles at Capital Position Ventures and Hermes Fund Managers. The reason for his departure remains unclear, and it’s not known if JM Finn plans to appoint a replacement. (Sophie Downes, 21/2/2025, Citywire Wealth Manager, 'Revealed: JM Finn investment operating chief resigns')Michelle Pearce-Burke, Co-Founder and Chief Strategy Officer of Wealthify, has stepped down after 10 years. She co-founded the digital wealth firm in 2014, with Aviva acquiring a majority stake in 2018 and full control in 2020. Pearce-Burke held over 4% of Wealthify’s shares before the sale. Her successor has yet to be announced. (Sophie Downes, 20/2/2025, Citywire Wealth Manager, 'Wealthify co-founder Pearce-Burke exits Aviva-owned robo')In further news...Aviva-backed Wealthify has appointed Jessie Kwok, former Senior Investment Director at Investec, as its new Chief Investment Officer (CIO). She replaces Colleen McHugh, who remains as an Investment Consultant. Kwok brings experience from Fidelity International, Schroders, and HSBC Global Asset Management. (Sophie Downes, 17/2/2025, Citywire Wealth Manager, 'Wealthify appoints Investec W&I investment director as CIO')Hawksmoor Investment Management has restructured its management board after appointing a new CEO and Managing Director. Ben Conway, Dan Ellis, and Richard Pursglove stepped down from the board but remain in senior executive roles. The changes follow the hiring of Andrew Westenberger as CEO of parent company Hurst Point Group and Michael Bishop as Managing Director of Hawksmoor in 2025. Both will serve as Directors on Hawksmoor’s investment board, pending Companies House approval. (Sophie Downes, 18/2/2025, Citywire Wealth Manager, 'Hawksmoor reshuffles board')Fintech Cadro has appointed Sophie Jamieson, former Senior Business Development Associate at Ruffer, as Investment Manager. Jamieson will manage strategies for high-net-worth individuals and institutional clients. She joins after over five years at Ruffer, following recent staff cuts there. (Sophie Downes, 17/2/2025, Citywire Wealth Manager, 'Fintech Cadro hires investment manager from Ruffer')Andy Briggs, CEO of Phoenix Group, has been appointed President of the Association of British Insurers (ABI), succeeding Tim Bailey. Bailey will become CEO of Zurich’s global life protection business. Briggs will serve as ABI President for the next two years. (Momodou Musa Touray, 25/2/2025, Money Marketing, 'Phoenix Group CEO Briggs named new ABI president')Sarah Smart, Chair of The Pensions Regulator (TPR), will step down in July after nearly 10 years on the board. She joined in 2016, initially as Senior Independent Director before becoming Chair. During her tenure, TPR evolved into a "risk-based, outcome-focused" regulator and contributed to the success of auto-enrolment, which now sees 8 in 10 workers saving for retirement. The DWP is now seeking a successor. (Financial Planning Today, 13/2/2025, 'Chair of The Pensions Regulator to step down')Neil Stevens, joint CEO of Fintel, will step down at the end of June, leaving Matt Timmins as sole CEO. Timmins will take over full responsibility after Fintel’s AGM on 20 May. Stevens will not seek re-election at the AGM but will continue in his role until then. (Financial Planning Today, 11/2/2025, 'Fintel joint CEO steps down')FNZ, a platform engine provider that powers several UK investment platforms, has appointed former senior Santander banker James Dunne as its Managing Director, client management and business development. Mr. Dunne was formerly Head of Wealth Management and Insurance at Santander’s UK arm. He also held roles as Global Head of Digital for Santander’s wealth management & insurance division, and Director of SME markets across Europe and the US. (Financial Planning Today, 10/2/2025, 'FNZ recruits managing director from Santander')Abby Thomas has unexpectedly left her role as CEO and Chief Ombudsman at the Financial Ombudsman Service (FOS), amid reports of a disagreement over planned fees to be charged to claims management companies (CMCs). The FOS has declined to comment on the issue or the search for a new permanent CEO. (Financial Planning Today, 7/2/2025, 'FOS CEO Abby Thomas in shock exit')The CII has appointed Adam Harper as Executive Director, strategy, advocacy & professional standards, and Holly Porter as Executive Director, markets & opportunities, starting in March. Harper, from AAT, has expertise in corporate strategy and professional standards, while Porter, formerly with BCS, focused on member development and technology. (Financial Planning Today, 4/2/2025, 'CII appoints two new executive directors')Charles Ferry has left RBC Brewin Dolphin, with Managing Director Hal Catherwood taking over his responsibilities. Ferry joined in 2008 from Gerrard (Barclays Wealth) and held key roles, including leading the investment team, serving as Regional Director for London & the South East, and later becoming Co-Head of private clients. (Dylan Lobo, 13/2/2025, Citywire Wealth Manager, 'Revealed: RBC Brewin Dolphin wealth MD Charlie Ferry exits')LGT Wealth Management has promoted 11 new partners, including eight former Abrdn Capital Managers: David Sullivan, Anthony Emmings, Marco Evans, Craig Joiner, Kevin Bowhay, Charlie Thompson, Richard Harrison, and Gair Brisbane (Scottish charity head). Also promoted are Investment Managers Lewis Mackinnon and Toby Willis, along with Business Development Manager Brendan Macken. (Dylan Lobo, 12/2/2025, Citywire Wealth Manager, 'LGT Wealth Management makes eight Abrdn alumni partners')Charles Stanley has appointed Paul Measures to lead IFA business in the North. Measures spent 30 years at Legal & General, including as Head of Intermediary Sales. He will work alongside Tom Hawkins (South) and report to Group Head of Sales Sean Osborne. (Natalia Vasnier, 12/2/2025, Citywire Wealth Manager, 'Exclusive: Charles Stanley hires LGIM sales boss to lead IFA push')​All information provided in this market digest has been gathered from Citywire Wealth Manager, Financial Planning Today, Money Marketing, and IDEX Consulting.
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Blog Thumbnails New Size (50) financial services
2025 Employee Benefits employment outlook

The employee benefits landscape will continue to undergo significant transformation in 2025, shaped by rising healthcare costs, evolving workforce demands, and changing regulations.As firms grapple with the lack of new talent entering the market, employers are competing to attract new talent and keep hold of existing employees. Talent gaps specifically at the mid to senior level exist, which has contributed to increased salaries and hiring costs. According to a report by the Recruitment Employment Confederation (REC) “two-thirds of large employers (67%) and more than half medium-sized employers reported shortages of candidates” (Personnel Today: Candidate shortage afflicts two-thirds of businesses).From our research 67% of employers across the employee benefits sector said their biggest challenge will be the shortage of suitable applicants, and 50% said they don’t think they have the talent needed to achieve business objectives. Additional insights from our 2025 Employee Benefits Salary Guide and Market Sentiment report include a range of interesting factors employers and professionals should pay attention to.46% of employees surveyed said they are dissatisfied with their job Reasons include; workload, lack of resources and support, and absence of training and development. Comments included; “There has been too much uncertainty and too many acquisitions”, “Volumes of work have increased without help, due to resource lost over the year”, “We have lost team members who haven’t been replaced. This has led to being overworked”, and “Not being given the time to learn and grow”.82% of employees aren’t on a long term incentive planWhen asked what employees felt were most important to them when looking for a new role, the majority said salary, followed by non-financial benefits and a good employer brand and reputation in the market. As employers continue to compete for skilled professionals, competitive compensation packages will be key. However, this will continue to be a challenge for the sector as business costs and pressures increase. A poll by the Chartered Institute of Professional Development (CIPD) found that “three quarters of respondents did not think they would meet employee pay expectations in 2024”, however “of employers who have had to raise wages in response to hard-to-fill vacancies fewer...are taking lower profits, absorbing costs or accepting higher overheads” (CIPD: Pay awards). Early pay predictions for next year show a “median pay award across all sectors [to] be 3.5 per cent” with awards “currently predicted to reduce by one per cent…compared to 2024” (Pay data: Pay trends and expectations – 2024 and 2025). 33% of employers aren’t sure if they use their employer value proposition to attract talent Having a compelling, ‘human centred’ employee value proposition will set employers apart from their competitors. Working with external consultancies to develop this will help you to define the ‘why’ and ‘so what’ for your current workforce and prospective employees. Companies with a strong EVP have decreased attrition and better hiring success. For guidance on developing an effective employer value proposition get in touch.For more insights on the wealth management employment market, plus accurate salary data and hiring predictions for the next year access our 2025 Employee Benefits Salary Guide and Market Sentiment report.
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Fs Nl Web Thumbnail Newsletter
Financial Services newsletter Friday 31st January 2025

​Financial Services NewsSchroders will adopt all four FCA Sustainability Disclosure Requirements (SDR) labels—'sustainability focus', 'sustainability impact', 'sustainability improvers', and 'sustainability mixed goals'—bringing its total to 16 across the group. This follows December's announcement of labels for 10 funds and the addition of three Cazenove Capital funds. (Financial Planning Today, 28/1/2025, 'Schroders to adopt all 4 SDR labels')St James’s Place reported record £190.2bn Funds Under Management in 2024, with £18.4bn in gross inflows (up 23%), though net inflows fell to £4.33bn from £5.12bn. (Financial Planning Today, 30/1/2025, 'St James's Place FUM soars £22bn to £190bn in 2024')In further news...St James’s Place has shifted a £5.2bn sustainable mandate from Impax to Schroders, adopting a blend of value and growth strategies. Schroders' funds have outperformed SJP’s, with three-year returns of 23% and 21.5% versus SJP’s 9.9%. (Charles Walmsley, 13/1/2025, Citywire Wealth Manager, 'SJP hands £5.2bn Impax mandate to Schroders')Quilter's platform saw a 91% year-on-year increase in gross inflows from IFAs in Q4 2024, reaching £1,255m. Overall, gross and net inflows across all channels rose by 22% and 32%, respectively, with total net inflows of £1,919m. The group reported record net inflows of £2bn for Q4, contributing to £5.2bn in core inflows for 2024. The affluent segment saw a 58% increase in gross inflows to £3,914m. (Financial Planning Today, 23/1/2025, 'Quilter sees 91% increase in IFA platform inflows')Brooks Macdonald has announced a £10m share buyback to enhance its share value ahead of moving to the main LSE. The buyback, managed by Single Capital Markets, will run until September 2025, with shares purchased in the open market and cancelled to reduce share capital. Shares have traded between £14-£17 recently, down from a £27 high in 2021. (Victoria Bell, 28/1/2025, Citywire Wealth Manager, 'Brooks Macdonald announces £10m share buyback')The Treasury plans to invite senior figures from advice firms and wealth managers to industry forums with Chancellor Rachel Reeves later this year to discuss financial services growth, alongside banking, insurance, and asset management leaders. (Julian Bovill, 27/1/2025, Citywire Wealth Manager, 'Treasury wants advisers and wealth managers at chancellor's forums')Leicester-based advice firm Handford, Aitkenhead & Walker has rebranded as Optimum Path Financial Planning following a management buyout by sole shareholder Alasdair Walker, aiming to blend tradition with innovation and reflect a forward-looking vision. (Victoria Bell, 24/1/2025, Citywire Wealth Manager, 'Handford Aitkenhead & Walker changes name to Optimum Path')From April, HMRC will update its systems to end the use of emergency tax codes on pension withdrawals, reducing the need for reclaiming overpaid tax—a process that has led to £1.4bn in refunds across 470,000 claims since 2015. (Julian Bovill, 22/1/2025, Citywire Wealth Manager, 'HMRC to fix £1.4bn pension tax overpayment issue in April')Abrdn pledged to improve platform service after advisers withdrew £3.9bn in 2024, nearly double 2023 outflows. Despite a strong trading update and 7% share rise, adviser platform outflows continued, with £900m exiting in Q4 alone. (Charles Walmsley, 21/1/2025, Citywire Wealth Manager, 'Abrdn to redouble platform efforts after advisers pull £4bn in 2024')Bath-based advice firm Fidelius is rebranding to better appeal to women and younger clients, with a new look and approach launching publicly on 14 February. While the name remains, the firm aims to simplify financial planning and make it more relatable. (Victoria Bell, 20/1/2025, Citywire Wealth Manager, 'Söderberg-backed Fidelius to rebrand in pitch to women and younger clients')LV= has launched a new platform service for advisers in partnership with Embark, offering access to 5,000 funds, model portfolios, and LV=’s insured fund options across various wrappers, including SIPPs and ISAs, designed to enhance retirement income advice. (Financial Planning Today, 29/1/2025, 'LV= launches new adviser platform service')North Derbyshire-based Belmayne has been awarded CISI Chartered Firm status, recognising its high level of professionalism in financial planning. The family-oriented firm, based in Dronfield, met rigorous criteria to achieve the accreditation. (Financial Planning Today, 28/1/2025, 'Belmayne achieves CISI Chartered Firm status')Rosemount Financial Solutions, a Basingstoke-based IFA network, reported 25% revenue growth and a £500m increase in AUM to £2.5bn. Over the past year, the network grew its team by 8 staff and 31 advisers, including 12 Financial Planners, with protection business rising by 33%. (Financial Planning Today, 27/1/2025, 'Rosemount Financial Solutions sees 25% growth in revenue')A Charles Stanley study reveals high net worth women are less engaged than men in discussions with financial advisers. While 80% of HNW men are actively involved, only 67% of HNW women engage similarly, and 19% of women do not have an adviser. (Financial Planning Today, 27/1/2025, 'HNW women less engaged with financial advisers')Financial experts have welcomed Chancellor Rachel Reeves' Davos comments suggesting a potential softening of her October Budget move to scrap non-dom status. With 10,800 millionaires leaving the UK in 2024, experts see her comments as a possible sign of a re-think, offering a longer transition or diluted ban. (Financial Planning Today, 24/1/2025, 'Experts welcome potential ‘softening’ of non-dom crackdown')The average household is £31,546 short of the pension savings needed for a moderate retirement, four times higher than five years ago. Only 36.4% of households are on track for a moderate retirement, with Wokingham's gap at £265 and Kingston upon Hull's at £54,641. Authorities around London have some of the largest gaps, exceeding £70,000. (Financial Planning Today, 20/1/2025, 'Pensions gap grows to more than £31,000')National IFA Continuum reported a 23% year-on-year increase in assets under influence, reaching £12.4bn at the end of 2024. This marks the 10th consecutive year of double-digit growth. New business income rose 16%, while recurring income grew by 27%. (Financial Planning Today, 20/1/2025, 'National IFA Continuum reports AUI up 23%')A survey from Opinium revealed that while 56% of independent financial advisers view AI as an opportunity, the majority (64%) have no plans to implement it in client services within the next year. Only 14% are already using AI, with 23% planning to adopt it. (Financial Planning Today, 14/1/2025, 'Few advisers planning to use AI')The Attivo Group, parent of Chartered Financial Planning firm Attivo, has launched a new investment firm in partnership with SEI. Led by CEO Stephen Harper and CIO Charlotte Watson, the firm will offer three model portfolio ranges focused on goal-based investing, with fees ranging from 25-64 bps. The firm aims to enhance the investment management landscape by aligning services with the Financial Planning journey. (Financial Planning Today, 9/1/2025, 'Chartered Planner owner launches investment firm')Dynamic Planner has launched Financial Personality Insights, a new feature designed to give advisers a deeper understanding of clients' behaviours and attitudes towards financial risk. Developed by Dr. Louis Williams, the feature enhances the platform's Attitude to Risk (ATR) questionnaire, building on its psychometric analysis to offer more personalised advice. (Tom Browne, 28/1/2025, Money Marketing, 'Dynamic Planner launches Financial Personality Insights to improve client understanding')2025 Financial Services talent trends - IDEX Consulting’s 2025 Financial Services talent trends highlight rising operating costs, a lack of new talent entering the industry, and the growing influence of AI and regulatory changes.Employers must focus on strong branding, competitive compensation, clear career paths, and technological adoption. In-demand roles include financial advisers, paraplanners, and compliance experts. Employees are advised to be proactive in career development, upskill in AI and technology, and stay current with industry changes. (IDEX Consulting news, '2025 Financial Services talent trends')M&A buy and sell strategies: predictions and expert advice - M&A activity remains strong despite tax changes, with an emphasis on completing deals before the end of the 24/25 tax year. Sellers are urged to prepare early, focusing on structuring deals, due diligence, and regulatory compliance. Tax strategies, along with managing risks like cybersecurity and ESG concerns, are essential to maximizing business value during the sale process. (IDEX Consulting news, 'M&A buy and sell strategies: predictions and expert advice')Sustainability: how to win clients, customers and talent - Sustainability is becoming crucial for attracting clients, talent, and customers. Businesses are facing increasing demands for responsible practices from employees, customers, and investors, driven by factors like climate change and human rights. The commercial benefits of sustainability include enhanced reputation and cost efficiencies. IDEX Consulting’s study reveals that 89% of employers believe sustainability helps attract talent, and 78% of customers care about it. Companies should focus on developing a strong sustainability strategy to meet market demands. (IDEX Consulting news, 'Sustainability: how to win clients, customers and talent')How to create an inclusive hybrid and remote culture - Inclusive hybrid cultures require more than just engagement strategic; businesses must actively embed inclusive practices. Hybrid work presents challenges, particularly for marginalized groups, due to biases in virtual settings and accessibility issues. Key strategies include understanding diverse employee experiences, fostering open feedback, and providing tailored training for virtual inclusion. Proactive measures will ensure a more equitable and connected workforce.(IDEX Consulting news, 'How to create an inclusive hybrid and remote culture')Mergers and AcquisitionsEvelyn Partners has sold its Authorised Corporate Director (ACD) arm, Evelyn Partners Fund Solutions (EPFS), to Thesis Holdings for an undisclosed sum. The division, with £10.6bn in assets under governance, was sold as part of Evelyn's strategic review to refocus on wealth management, following the sale of its accountancy arm last November. (Natalia Vasnier, 27/1/2025, Citywire Wealth Manager, 'Evelyn Partners sells £10.6bn ACD to Thesis')Titan Wealth has acquired Jersey-based financial advice firm Advisa Wealth, which manages £525m in assets for 1,800 clients. The firm's management team and 10 advisers will join Titan Wealth, further strengthening its presence in the Channel Islands. This acquisition is part of Titan's ongoing expansion strategy, supported by private equity funding. (Sophie Downes, 24/1/2025, Citywire Wealth Manager, 'PE-backed Titan Wealth buys 30-year-old Jersey firm')Isle of Man-based Manx Financial Group has acquired CAM Wealth Management for £210,000. CAM was formed in April 2023 by Derek Gawne and Lizz Ewart after they acquired and rebranded Charteris Asset Management. The firm is headquartered in Liverpool. (Dylan Lobo, 23/1/2025, Citywire Wealth Manager, 'Boutique formed by wealth veterans sold for £210k')Generali, the Italian insurance giant, has entered a joint venture with French investment manager Natixis, combining their asset management businesses. The deal highlights the ongoing asset accumulation wars in Europe. While only a portion of the firms' assets are visible, the merger presents potential synergies, with €164bn in assets from Natixis and €40bn from Generali seen by Morningstar. (Frank Talbot, 21/1/2025, Citywire Wealth Manager, 'Natixis-Generali: Will the latest European mega-merger work?')Aberforth Partners has acquired a 5.44% stake in Brooks Macdonald, valued at nearly £14m, following the wealth firm's announcement to leave the AIM market. This acquisition adds to Aberforth's existing 2.3% stake in rival Quilter. The stake was purchased on the same day Brooks revealed plans to transfer its listing to the main market to enhance its corporate profile, with the move expected to complete between 4 and 31 March 2025, pending regulatory approval. (Dylan Lobo, 20/1/2025, Citywire Wealth Manager, 'Aberforth unveils £14m Brooks stake ahead of AIM exit')Söderberg & Partners has acquired stakes in Radcliffe & Co, Francis Clark Financial Planning, and Qi Financial Solutions. Radcliffe & Co manages £1.5bn in assets, serving 3,500 personal clients and 150 corporate schemes. FCFP, with nine offices, manages £900m in assets, employing 65 chartered financial planners. Qi Financial Solutions, based in Croydon, advises on £165m in assets with seven staff, including three chartered financial planners. (Sophie Downes, 16/1/2025, Citywire Wealth Manager, 'Exclusive: Soderberg takes stakes in three more advice firms')Perspective Financial Group made five acquisitions in December, adding £375m in assets, 1,100 clients, and new offices in Derbyshire, Lincolnshire, and Cheshire. These deals bring the firm’s 2024 total to 29 acquisitions, increasing its overall total to 107 since 2008. The acquired firms include Hallidays Wealth Management, Foinaven Asset Management, Tony Fenton & Sons, PW Financial Management,and a client book from Perspective (Home Counties) Ltd. (Financial Planning Today, 21/1/2025, 'Perspective adds £375m AUA with 5 acquisitions')Hoxton Wealth has acquired Darlington-based Family First Financial Services, its fifth UK acquisition in 12 months, adding £85m AUM. Established in 2003, Family First offers comprehensive Financial Planning services, including wills, inheritance tax advice, and trust fund benefits. (Financial Planning Today, 20/1/2025, 'Hoxton Wealth adds Darlington firm')​MoversEvelyn Partners has appointed Bahador (Bids) Mahvelati as Chief Operations Officer, starting in March. He will also be part of the executive committee as the firm focuses solely on wealth management. Mahvelati joins from PwC UK, where he led the financial services value creation practice. His prior experience includes operational roles at UBS Investment Bank and Natwest Group, as well as strategic consultancy work. (Dan Cooper, 28/1/2025, Money Marketing, 'Evelyn Partners names Bids Mahvelati as new chief operations officer')​Schroders will cut 200 jobs, 3% of its workforce, as part of a restructuring under new CEO Richard Oldfield. The move aims to reposition the firm for growth and meet 2025 objectives. Most affected roles will be in technology, and the executive committee has been reduced from 22 to 9 members. (John Schaffer, 17/1/2025, Citywire Wealth Manager, 'Schroders to cut 3% of staff in new CEO’s growth bid')Caroline Abbondanza, former COO at Brooks Macdonald, has joined SS&C as a Senior Director. She left Brooks in September after serving as COO and CTO. Previously, she was group CIO at FNZ. (Victoria Bell, 29/1/2025, Citywire Wealth Manager, 'Brooks Macdonald former operations chief winds up at SS&C')Andy Curran will retire as CEO of Standard Life this summer after 35 years in the industry, five of which were spent at Standard Life. The firm, a subsidiary of Phoenix Group, will adopt a flatter structure, merging its retirement solutions and asset management divisions under Mike Eakin. Colin Williams, Tom Ground, and Nigel Dunne will continue in their current leadership roles. (Julian Bovill, 28/1/2025, Citywire Wealth Manager, 'Standard Life CEO Andy Curran to retire')Progeny Founder Neil Moles is stepping down as CEO, with CFO Tom Wood set to take over. Moles will remain involved as a Non-Executive Director and President. Bobby Ndawula, formerly with Skipton Building Society, will join as the new CFO. Moles, a significant shareholder in Progeny, expressed his delight at having Tom Wood succeed him as CEO. (Victoria Bell, 28/1/2025, Citywire Wealth Manager, 'Exclusive: Progeny CEO Moles steps down')Martin Gilbert stepped down from the board of Saranac Partners on 17 December. Gilbert, who helped establish the wealth firm in 2016 alongside ex-Barclays Wealth Chief Tom Kalaris, had been a Non-Executive Director since 2020. Tom Kalaris, who remains a significant stakeholder in the firm, continues to play a role in its direction. Since leaving Standard Life Aberdeen, Gilbert has focused on launching his new venture, AssetCo, where he has been heavily involved in its development and various non-executive roles. (Dylan Lobo, 27/1/2025, Citywire Wealth Manager, 'Martin Gilbert steps back from DFM he helped launch')Stewart Cape, who was appointed as Progeny's Head of M&A in September 2022, has left the private equity-backed consolidator at the end of 2024. Cape was brought in to lead Progeny's acquisition strategy. Prior to this role, he spent 12 years at KPMG overseeing its mergers and acquisitions practice. Progeny declined to comment further on his departure. (Victoria Bell, 22/1/2025, Citywire Wealth Manager, 'Exclusive: Progeny's M&A boss leaves after two years')Transact CEO Jonathan Gunby will retire in March 2025, with Tom Dunbar, currently Chief Development Officer, set to succeed him as part of a planned succession. Gunby, who has been with Transact since 2011, helped grow assets under management from £10bn to £62bn and played a key role in the company's 2018 IPO. Dunbar, who joined Transact in 2017, previously worked at Royal London and NMG Consulting, and was promoted to the board in 2024. Andrew Cullen-Jones, former Head of Advice Policy at St James’s Place, will take over Dunbar's role as Chief Development Officer. (Victoria Bell, 22/1/2025, Citywire Wealth Manager, 'Jonathan Gunby to retire as Transact CEO')Openwork has appointed David Thomas as Digital Product Director and Anna Bartholomew as Head of Partnership Services, following its investment from Bain Capital in 2024. Thomas, previously Head of Product at Schroders Personal Wealth, will develop technology for Openwork's 600 appointed representative firms. Bartholomew will focus on building business relationships. (Charles Walmsley, 20/1/2025, Citywire Wealth Manager, 'Openwork makes double hire with eye on tech')Tatton Investment Management has hired Olivia Geldenhuys from Schroders as Head of its specialist team, replacing Chris Robinson who left the business in August to launch an MPS service for Premier Miton. Geldenhuys, who joins from Schroders' £6.3bn solutions team, will lead technical support for the firm's partner firms. Prior to Schroders, she spent nine years at PortfolioMetrix in client service, business development, and distribution planning. She will be based at Tatton's London office. (Sophie Downes, 20/1/2025, Citywire Wealth Manager, 'Exclusive: Tatton hires specialist head from Schroders')M&G Investments has appointed Marcello Arona, former CEO of AXA Investments UK, as CFO for its asset management business, replacing Sean Fitzgerald who is retiring. Arona, with a long tenure at AXA IM, has held roles including COO of AXA IM Italy, Regional CFO for the US, and Head of AXA IM Americas. He was most recently Head of AXA IM UK and AXA IM GS. Arona will oversee M&G’s global financial operations, contributing to its long-term growth. (Dylan Lobo, 20/1/2025, Citywire Wealth Manager, 'M&G hires AXA IM UK CEO as funds finance boss')Two senior figures at Rathbones have recently left the firm: Emma Renals, COO of Rathbones Asset Management (RAM), and Emma Watson, Head of Financial Planning. Renals, who joined in 2017 and became COO in 2023, previously worked at Jupiter Asset Management, Deutsche Bank, and Morgan Stanley. Watson, with Rathbones for eight years, led the firm’s financial planning strategy after spending 11 years at Towry. Their replacements have yet to be confirmed, and it is unclear if they have taken new roles. (Sophie Downes, 15/1/2025, Citywire Wealth Manager, 'Exclusive: Rathbones financial planning head and COO depart')Peter Coleman, former Chief Commercial Officer at Succession Wealth, has been appointed CEO of Kingswood on a permanent basis. Coleman initially joined Kingswood as interim CEO in July 2024 after David Lawrence stepped down. Prior to Succession, Coleman held leadership roles at Wealth Wizards and was CEO of Positive Solutions, which was acquired by Intrinsic in 2013. (Dylan Lobo, 10/1/2025, Citywire Wealth Manager, 'Ex-Succession CCO is named permanent Kingswood CEO')Lauren McHenry of Pareto Financial Planning has achieved Chartered Financial Planner status, six years after starting as a trainee Paraplanner in 2018. McHenry progressed through the firm's qualification and support programme. She holds a law degree from Newcastle University and has 12 years of experience in financial services, including roles in technical support and Paraplanning. McHenry joined Pareto in 2018 after relocating from London to Manchester. (Financial Planning Today, 28/1/2025, 'Pareto celebrates home-grown Chartered Financial Planner')Peter Maddern has been appointed Managing Director of retirement at Canada Life, succeeding Tom Evans, who is leaving for a new opportunity. Maddern will join the UK executive committee, reporting to UK CEO Lindsey Rix-Broom. He brings 18 years of experience at Canada Life, most recently as Vice President of Capital Management at its Canadian parent company. Maddern previously led the bulk purchase annuities (BPA) strategy and played a key role in developing Canada Life’s wealth business. Tom Evans had been leading Canada Life’s home finance business following the 2018 acquisition of Retirement Advantage. (Financial Planning Today, 27/1/2025, 'Canada Life appoints new retirement MD')Acumen Financial Planning has promoted Keith Mackie to Group Managing Director, succeeding Founder Sandy Robertson, who transitions to Group Finance Director. Robertson, who founded the Aberdeenshire-based firm in 2002, will remain with the company. Since its inception, Acumen has expanded across Scotland through acquisitions and organic growth. Mackie joined the firm in 2004 and became a Director in 2014. (Financial Planning Today, 23/1/2025, 'Acumen selects new MD as founder steps back')Julius Baer International has appointed Gareth Johnson as Head of Managed Portfolio Service (MPS) to develop an MPS offering for UK independent financial advisers. Johnson previously spent 22 years at RBC Brewin Dolphin, where he led the MPS division from 2010, helping it grow into a key firm area. He also introduced the MI Select Manager and Voyager Multi Asset ranges. (Financial Planning Today, 21/1/2025, 'Julius Baer launches MPS for advisers')Isabel Hudson will succeed Lynne Peacock as Chair of Royal London on 10 February. Hudson brings extensive experience from senior roles in insurance, pensions, and regulation, as well as non-executive positions in telecoms and house building. She currently serves as a Non-Executive Director at AXA SA and Chair of Guide Dogs, with past roles at RSA Insurance, Phoenix Group, BT, and others. (Financial Planning Today, 17/1/2025, 'Royal London selects Isabel Hudson as next chair')Kate Richardson has joined Brown Shipley as a Client Adviser in London, bringing 17 years of wealth management experience. Previously a Senior Client Adviser at UBS Wealth Management for the South West region, she has held various roles at UBS since 2007. Richardson will focus on building relationships and expanding Brown Shipley's business across southern UK, working with both Brown Shipley and parent company Quintet Private Bank. (Financial Planning Today, 16/1/2025, 'Brown Shipley adds to London advice team')Torsten Bell, former CEO of the Resolution Foundation, has been appointed as the new Pensions Minister following a reshuffle. He succeeds Emma Reynolds, who has been promoted to Economic Secretary at the Treasury. Bell, an economist with nearly a decade of experience at the Resolution Foundation, will continue his predecessor’s cross-department role, also serving as Parliamentary Secretary in the Treasury and Parliamentary Under Secretary of State in the Department for Work and Pensions. (Financial Planning Today, 15/1/2025, 'Torsten Bell MP becomes new Pensions Minister')P1 Investment Services has appointed Michelle Angell as Senior Client Services and Operations Manager. Angell, with over 20 years of experience in wealth management and platforms, will lead the development of P1’s client servicing team. She previously held management roles at Atomos Wealth, Seccl, Abrdn, Winterflood Business Services, and Barclays Wealth. (Financial Planning Today, 13/1/2025, 'P1 Investment Services hires Ex-Seccl manager')All information provided in this market digest has been gathered from Citywire Wealth Manager, Financial Planning Today, Money Marketing, and IDEX Consulting.
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Blog Thumbnails New Size (46) financial services
2025 Employee Benefits talent trends

Our Employee Benefits consultant Ashlea Walton, Client Director, shares her thoughts below on hiring trends, what employers need to implement in 2025 to attract top talent and how employees can enhance their career prospects.If you’re looking for support with your hiring strategy, searching for top talent across the employee benefits sector or considering a new career opportunity get in touch with Ashlea Walton.What’s affecting hiring and employment across the employee benefits market?  M&A activity has ramped up in recent years across the employee benefits market which has resulted in less choice for employees in a consolidated market. Naturally, we’ve seen smaller brokers swallowed up by large corporates and for some, the thought or working for a large business isn’t appealing. As a result of this, the candidate pool for each vacancy becomes smaller. Candidate salary expectations versus client budgets do not always align. Due to the cost of living crisis, some candidates are more incentivised by large salary increases compared to other drivers. This occasionally prices them out of great opportunities when being compared internally, again reducing the candidate pool if there are no compromises. The shortage of candidates continues to be a challenge across the market and has been for a number of years. Lack of new talent entering the market is partly to blame, creating a significant gap at mid-level. This talent shortage is contributing to increased salaries and hiring costs, as firms compete to secure talent to bridge the gap.What are the in-demand roles for your market? As employees, the way in which we access benefits is evolving as we continue to move towards a digital world – the use of technology enables inclusivity; easier access and understanding which in turn leads to a happier and healthier workforce. As such, there’s been a huge increase this year in the number of flexible benefits/benefits technology roles available, to not only support existing clients, but develop new logo business. Group risk, healthcare and wellbeing consultants will continue to be a sought after skillset throughout 2025 as employers strive to support a diversifying workforce in every aspect of their lives including their physical, mental, and financial health. A recent survey highlighted health insurance as one of the most sought after employee benefits and with NHS waiting lists not looking to improve imminently, I can only see this need increasing. As always, new business focused individuals will be of high interest to any firms looking to increase their revenue and capitalise on increased market demand across all areas of employee benefits. What are the in-demand skills employers are looking for? Commercially minded, technically astute, client centric and proactive with an entrepreneurial flair is a winning combination for most hiring managers. Individuals who are focused on a consultative approach with clients opposed to a transactional, product sell is key. Being able to think strategically to support business growth is a key skillset. What do employers need to implement throughout 2025 to be successful in recruiting the best individuals in the market? Focus on your promoting a strong employer brand and don’t fall into the trap of “we have a good reputation and people should want to work here” as that is occasionally not the case. Taking on board market feedback about your culture is key to being able to ensure it is one which will attract high calibre individuals. Being able to demonstrate an inclusive, happy, stable, rewarding and progressive environment will strengthen your chances of securing the individuals you want when they have multiple offers on the table.Ensure a recruitment process is always a two way conversation and you’re as transparent as possible with candidates during the process about the wider business, plans and growth opportunities. Of course, they need to fit your requirements for the role, but you also need to fit theirs!A trusted partnership with a specialist agency is incredibly important. Work with a recruiter who understands your business and will act as an extension of your brand. Someone who can take candidates on the journey to engage them in your business, share your story, successfully fill live vacancies and pipeline passive candidates in-line with your growth strategy, will ensure you’re always one step ahead. With in-demand skills in short supply, its crucial that time to fill is as short as possible.Practice what you preach - if you’re telling clients what employee benefits they need to implement, you need to be doing it for your own employees! It sounds minor but there are definitely still employee benefits firms out there offering poor benefits as part of their remuneration package and it doesn’t send the right message to prospective employees. What do employees need to focus on throughout 2025 to enhance their career prospects? Focus on strengthening your personal brand; a quality CV, industry networking, thought leadership and consistent online presence are some of the ways you can improve this.Put time and effort into your CV. Make it simple, easy to read with a professional presentation and, include financial targets and achievements to demonstrate your ability. Be concise whilst ensuring its in-depth enough to contain all of the relevant information about your experience. Keeping a CV to two pages is an outdated approach in my opinion and it is key you are utilising this as your first chance to sell yourself. Find a recruiter you trust and stick with them! You need to partner with someone you feel has a genuine interest in your career, knows the market, can demonstrate strong relationships with key businesses, is responsive and is knowledgeable to ensure you receive insightful prep ahead of any interviews. Think about what value you can add to a business above and beyond your role – this really makes you stand out as someone who will go the extra mile. If you’re asking for a top heavy salary which may be above banding, this is key. If you’re asking for more than current employees or other candidates in the process, you need to be able to demonstrate why you’re worth it.Finally, ensure you can demonstrate a sound understanding of the market; trends, new legislation, opportunities and challenges. This gives your prospective employer confidence that they are hiring someone who is interested, proactive and will continue to develop within their organisation.If you’re looking for support with your hiring strategy, searching for top talent across the employee benefits sector or considering a new career opportunity get in touch with Ashlea Walton.​
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Blog Thumbnails New Size (43) financial services
2025 Wealth Management employment outlook

​As wealth management firms prepare for a period of growth, innovation and change, attracting skilled specialist talent will be incredibly important.Strong growth and falling rates puts the sector in a strong position to do well, and as the industry undergoes a huge amount of transformation, especially regarding rapid technological advancements, firms will need to adapt their recruitment strategies. From our research 73% of employers across the Wealth Management sector said they’re planning to hire new talent in the next year, yet 64% said they think they will struggle to find suitable applicants. Research shows that this is partly due to an ageing population, with nearly half of financial advisers and advisers planning to retire in the next five years. Other reasons include negative workplace cultures, misalignment of values and a lack of investment in market leading tools and technology. Additional insights from our 2025 Wealth Management Salary Guide and Market Sentiment report include a range of interesting factors employers and professionals should pay attention to.65% of respondents said their biggest market challenge will be compliance and regulationAs the FCA increasingly becomes a data led regulator it’s expectations of firm’s reporting abilities increase. Over recent years stricter policies around conduct risk have been implemented to ensure risks are raised and handled appropriately. Heightened focus has been on high profile errors in the retail banking sector which have increased pressures on wealth managers operating in universal banks and bank holding companies. Frameworks and policies that ensure compliance with the consumer duty will continue to be key and firms will be assessed on whether they have sufficient data to evidence good customer outcomes. The FCA have confirmed they will intervene if there is a lack of data and evidence. One of the regulator’s reports showed that “49% of portfolio managers and 69% of stockbrokers had identified no vulnerable consumers” (Deloitte: Investment management and wealth – supervisors demand strong governance).33% of employees said their salary had stayed the same for the past 12 months Competitive compensation packages remain one of the most important factors when attracting and retaining top talent. When we asked employees across the profession what was most important to them when choosing an employer, pay, non-financial benefits and career progression ranked as the top three. A study conducted by Arizent, insights and data company, that surveyed 600 people across wealth management, banking, accounting and other industries, illustrated that “28% [of respondents] said low compensation was the top driver of turnover” (Financial Planning: 4 ways firms can win the war for advisor talent).82% of employers said they don’t have an employee value propositionPeople are drawn to wealth management firms that encompass a culture they can respect, and aligns to their own values. In order to stand out in a saturated market it’s incredibly important for firms to clearly define and communicate their core purpose with a compelling narrative and brand story. May firms likely have a strategy for diversity and equity, ESG, charitable giving and wellbeing, but few take the time to assess their differentiators and market them effectively. For guidance on developing an effective employer value proposition get in touch.For more insights on the wealth management employment market, plus accurate salary data and hiring predictions for the next year access our 2025 Wealth Management Salary Guide and Market Sentiment report. 
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Blog Thumbnails New Size (41) financial services
2025 Financial Services talent trends 

​Our Financial Services consultants; Alex Merrick, Client Director and James Salmon, M&A Client Director share their thoughts below on hiring trends, what employers need to implement in 2025 to attract top talent and how employees can enhance their career prospects. If you’d like support with your hiring strategy, looking for top talent or exploring new career opportunities get in touch with Alex who will be happy. Alternatively, if you’re exploring your M&A options and would like some intel on the market, speak to James who is our M&A expert.What’s affecting hiring and employment across the Financial Services market? Operating costsEconomic uncertainty post-budget has turned the dial on operating cost and has stripped profit from a business’ bottom line, leading to employers becoming more stringent with their hiring needs. As a result, hiring activity for skilled and experienced professionals is tightening. Lack of new talent entering the marketRetirement continues to be pressing amongst the Financial Adviser community. 60% of the adviser population is expected to consider their retirement options in the coming three to five years. There are clear demographic shifts and not enough sufficient junior-talent joining the profession. AI and technological disruptionThere has been a huge rise in automation and this is only set to continue, which is expected to reduce the need for transitional advisory roles particularly for clients with a 'vanilla' type service, whilst also fulfilling process and administration gaps. Digital transformation now also enables engagement via virtual meetings for instance, which favours the more tech-savvy client and candidate.Regulatory changeConsumer duty and fair value testing is widening the advice gap, as larger employers seek to implement minimum fee thresholds. The FCA’s and other mandatory regulation requirements will continue to add pressure on operating models and client delivery. What are the main in-demand roles across Wealth Management?The most in-demand roles are; Financial advisers and planners, Paraplanners, Regional Managers, M&A specific roles (Integration, Project/Programme Management, Administration, Change, Transformation) and roles associated with compliance, quality assessment and risk assurance. What are the in-demand skills employers are looking for?This completely depends on the role and business need, however in general a good, qualified adviser will have strong interpersonal skills and a commitment to continued professional development or further study. It’s also becoming increasingly important for employees to have a good understanding of technology, AI tools and automated data management systems. They also need to be able to use cashflow modelling and adapt to an ever-changing regulatory environment. A candidate’s professional expertise and skillset is their brand, so a high level of professional integrity, alongside competence and an ability to network, whilst being ethical in having difficult conversations, will put someone in a strong position.From a senior management perspective, businesses are looking for individuals who have both a proven and demonstratable track record, an ability to think strategically (blue sky, growth mindset, innovative) and make an impact. Strong leaders in this sector have a high Emotional Quotient (EQ), and an ability to articulate and execute a vision which promotes certainty, direction and growth whilst still being inclusive and collaborative. From an operational and compliance perspective employers are seeking individuals with a strong understanding of regulation and the FCA's direction of travel, since dealing with legislation risks faced and a changing regulatory environment is key. It’s also worth noting that candidates with a strong familiarity of new and existing tools that are entering the market, plus the ability to strategise will show to employers they are able to future proof and innovate.What do employers need to implement in 2025 to be successful?Employer branding Employers need to set out their unique differentiators and explain the ‘so what factor’ for professionals. It’s never been more important to create a compelling brand story that brings to life a company’s mission and impact on society. Benchmark salaries and packagesIt's not breaking news that we're in an unstable economic climate where interest rates and the cost of living remain high. Top employers create compelling compensation, reward and package incentives which entice individuals. Professional career pathsBe clear on your how you will support the longevity of someone’s career, where will the role go next? What support will someone receive from HR and the Learning and Development team? Be flexible on location to attract diverse talent poolsAs competition for top talent grows, it’s crucial that employers don’t restrict their talent pools, the wider they cast the net the greater chance they have of finding the best candidate. Be ahead of the curve with innovation and technologyEarly adopters tend to spur greater interest. Those who are challenging the status quo and trying something different will attract high-performing individuals who want to join a forward-thinking business. The development of AI within Financial Advice is compelling and will enable businesses to do more with less. What do employees need to focus on in 2025 to enhance their career prospects?Be proactive and review your circumstances regularlyFinancial advice is reviewed annually, and professionals need to stay on top of market developments, regulatory change and business innovation. Being proactive increases the likelihood of finding new opportunities and enhancing career growth. Learn about AI and technological developmentsAI and the development of technology is changing the industry and how businesses operate. To avoid being left behind professionals need to upskill themselves and when it comes to technological and software programmes. In time the impact on operating cost will be significant, and on roles such as administration, paraplanning, and the wider advice process from a file checking and compliance perspective.If you’d like support with your hiring strategy, looking for top talent or exploring new career opportunities get in touch with Alex who will be happy. Alternatively, if you’re exploring your M&A options and would like some intel on the market, speak to James who is our M&A expert.​
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Fs Nl Web Thumbnail Newsletter
Financial Services newsletter Friday 10th January 2025

​Financial Services NewsWealth manager Tavistock reported a £0.2m operational loss for the six months to September, compared to a £0.9m profit in 2023, with revenue down from £20.6m to £19.6m and adjusted profits falling two-thirds to £0.7m. Following disputes with former partner Titan Wealth and the £22m sale of its advice business to The Saltus Partnership, the firm plans to reposition its operations. (Financial Planning Today, 9/12/2024, 'Tavistock posts loss after turbulent six months')Quilter Financial Planning has added five new Appointed Representative firms to its advice network, including former St. James’s Place advisers Chris Bibby (Bibby & Co, Liverpool) and Anthony Poole (Adams and Poole Financial Services, Manchester/Uttoxeter). Other additions include Wolverhampton-based family practice Personal Finance Matters, led by Babita Nahal and Anil Duggal; Essex-based James Joseph Generational Wealth Planning, run by Chartered Adviser Tony Farrell with 35+ years of experience; and Bromley-based Redgate Financial Ltd, led by Edward and Emily Tory. (Financial Planning Today, 5/12/2024, 'Quilter network adds 5 new AR firms')A Wesleyan poll found that 91% of financial advisers expect increased market volatility in 2025, with 84% believing it threatens investment performance and 24% predicting over 40% of clients may avoid real assets due to uncertainty over inflation and Bank of England rate decisions. (Financial Planning Today, 3/1/2025, 'Advisers braced for greater market volatility in 2025')Financial services veteran Ken Davy, awarded an OBE in the King’s New Year Honours for services to community rugby league, has had a 50+ year career founding successful ventures like SimplyBiz (now Fintel) and DBS, proving the profitability and value of well-run adviser firms. (Financial Planning Today, 3/1/2025, 'Industry giant Ken Davy awarded OBE')XPS has launched the DC:UK Savings Watch tracker to benchmark typical DC pension pots at retirement against the PLSA/Loughborough Retirement Living Standards, offering insights for employers and trustees on pension adequacy and retirement income goals. (Financial Planning Today, 31/12/2024, 'XPS launches new DC pension tracker')Investment manager and Financial Planner Redmayne Bentley reported a 59% rise in profits to £7.06m and an 11.7% increase in revenue to £36.2m for the year ending 31 March. The Leeds-based firm, with over 25 UK offices, highlighted strong financial performance in its latest update. (Financial Planning Today, 23/12/2024, 'Profits up 59% at Redmayne Bentley')Prime Minister Sir Keir Starmer, joined by Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds, urged key regulators, including the FCA, to propose reforms by mid-January to reduce red tape, boost business growth, and address the UK’s stagnating economy. The letter emphasized the need for bold ideas to stimulate economic recovery and foster sectoral development. (Financial Planning Today, 30/12/2024, 'FCA set to respond to Starmer call for growth')Defaqto has named four hybrid advice "trailblazers"—Pension Potential (Punter Southall), Destination Retirement (Hub Financial Solutions), Smart Retire (Smart Pension), and My Time—as pioneers in addressing the pensions advice gap. With FCA data showing 69% of over 885,000 pension pots accessed without advice in 2023/24 and many retirees making unsustainable withdrawals of 8% or more annually, these innovations aim to tackle this critical issue. (Financial Planning Today, 30/12/2024, 'Hybrid advice 'trailblazers' helping bridge pensions gap')Rising regulatory costs, including the Consumer Duty, are driving financial advisers to increase minimum client portfolio sizes, with over half raising the average to £117,000—up 17% from £100,000 last year. The Scottish Widows Investor Confidence Barometer highlights this trend, noting advisers are moving upmarket to manage compliance burdens and leverage changes like the LTA scrapping. (Financial Planning Today, 20/12/2024, 'Average client portfolio size up 17% in a year')The Consumer Duty Alliance (CDA) has launched a free diagnostic tool to help firms track their progress on Consumer Duty compliance and identify business growth opportunities. The tool, developed with fintech Consumer Duty Diagnostic, enables firms to assess and report on their client-centric readiness. With the FCA expected to focus more on compliance in Q1 2025, the CDA—boasting over 20,000 members—supports advisers in meeting the requirements of the Consumer Duty, which ensures fair and engaged client treatment across all stages of the customer journey. (Financial Planning Today, 5/12/2024, 'Consumer Duty Alliance launches free diagnostic tool')Harry Sevier, former Investment Director at Ruffer, has partnered with P1 Investment Services to launch Lulworth Investment Management, a boutique firm offering discretionary management to private clients, charities, and advisers. Based in London, Lulworth will introduce absolute return, time-horizon focused portfolios tailored to growth, income, and ethical mandates, with an approach blending active management and capital preservation. These portfolios will be available on the P1 Platform and other investment platforms. Sevier, who spent 15 years at Ruffer, holds a CISI diploma and an outstanding achievement award for investment analysis. (Financial Planning Today, 3/12/2024, 'Ex-Ruffer investment director launches boutique firm')Tavistock will reposition its business after receiving £22m from The Saltus Partnership for its network of 140 self-employed advisers. The funds will refocus the firm on asset management services for third-party firms and the public, retaining its Tavistock Private Client and Tavistock Protect businesses. The acquisition of Alpha Beta Partners is part of this strategic shift. (Financial Planning Today, 2/12/2024, 'Tavistock confirms repositioning after £22m Saltus deal')Oberon Investments saw a 74% revenue increase to £4.8m for the six months to September, driven by growth in investment management, wealth planning, and corporate broking. Despite a reduced Ebitda loss of £0.96m, the firm remains on track to exceed its 30% revenue growth target for the year. (Dylan Lobo, 18/12/2024, Citywire Wealth Manager, 'Wealth boutique’s revenue jumps 74% as hire spree bears fruit')The Wealth Management talent shortage - The wealth management industry faces a talent shortage due to an ageing workforce and lack of younger professionals. To address this, firms should update recruitment strategies, improve training, and raise career awareness. (IDEX Consulting news, 'The Wealth Management talent shortage')The gender pay gap in Financial Services - The gender pay gap in the UK financial services sector remains significant, with an average gap of 22.7% in 2022-23, second only to the education sector. Notably, major banks like HSBC, Goldman Sachs, Morgan Stanley, and Standard Chartered reported widening gaps in 2022, attributing this to the under-representation of women in senior roles. (IDEX Consulting news, 'The gender pay gap in Financial Services')The biggest challenges facing Financial Advisers - Financial advisers are currently navigating increased work pressures, a challenging economic climate, and growing client demands. Key challenges include adapting to economic pressures, regulatory changes, and talent shortages. (IDEX Consulting news, 'The biggest challenges facing Financial Advisers')Reports of non-financial misconduct on the rise - Reports of non-financial misconduct in the financial services sector have risen significantly, with bullying, harassment, and discrimination being key concerns. This increase may indicate both a higher incidence of such behaviours and improved internal reporting mechanisms. The Financial Conduct Authority (FCA) is expected to introduce stricter standards to address these issues. (IDEX Consulting news, 'Reports of non-financial misconduct on the rise')Mergers and AcquisitionsAzets Wealth Management, the advice arm of Azets Group, has acquired Newcastle-based IFA Laurus Associates, founded by Karen Barwick and Colin Dawson, for an undisclosed sum. The acquisition, expected to complete by month-end, will integrate Laurus's team of 10 into Azets Wealth Management's UK operations. (Victoria Bell, 7/1/2025, Citywire Wealth Manager, 'PE-backed Azets Wealth Management buys Newcastle firm')Foster Denovo has acquired Midlands-based Brian Mole IFA, adding £300m in assets under advice and expanding its UK footprint with a 14th office. The deal, its sixth acquisition in 12 months, includes seven advisers and nine support staff serving 1,300 clients. (Financial Planning Today, 4/12/2024, 'Foster Denovo acquires £300m AUA Midlands IFA')In further news...Foster Denovo has acquired Verum Wealth, adding £87m in assets under advice to its Glasgow hub, marking its seventh acquisition in over a year. This follows a series of recent acquisitions, expanding its national footprint with firms like Brian Mole, 80Twenty, Wade Financial, and Creative Financial Solutions, establishing 14 offices across the UK. Verum Wealth, founded by Tony McPhee in 2015, previously operated as a joint venture with an accountancy firm. (Momodou Musa Touray, 8/1/2025, Money Marketing, 'Foster Denovo expands in Scotland with £87m IFA acquisition')​European life and pensions consolidator Chesnara has acquired Canada Life's onshore bond arm, adding a closed portfolio of unit-linked bonds and legacy pension business with 17,000 policies and £1.5bn in assets. The policies will transfer to Chesnara’s UK subsidiary, Countrywide Assured, by the end of 2025, pending regulatory approval. This follows Chesnara’s 2023 acquisition of Canada Life's individual onshore protection business. (Financial Planning Today, 23/12/2024, 'Consolidator snaps up Canada Life’s onshore bond arm')Titan Wealth has acquired Independent Wealth Planners (IWP), adding £6.6bn in client assets and two trading businesses (IWP Financial Planning and IWP Investment Management). The deal, subject to regulatory approval, will increase Titan Wealth’s total AUM/AUA to around £35bn and make it one of the largest Financial Planning businesses in the UK, with over £14bn in assets under advice. (Financial Planning Today, 18/12/2024, 'Titan Wealth acquires Financial Planner IWP')Söderberg & Partners, a rapidly expanding Swedish-owned wealth manager and Financial Planner, has acquired stakes in three UK IFA firms—Hoyl Independent Advisers (£3bn+ assets, 42 advisers), Intelligent I-FA (£300m+ assets, 13 advisers), and Mosaac Ltd (£230m+ assets)—with financial details undisclosed. (Financial Planning Today, 2/12/2024, 'Söderberg takes stake in 3 UK advisers')Brooks Macdonald has acquired Norwich-based Lucas Fettes Financial Planning (£890m assets under advice, £300m assets under influence) to enhance its Financial Planning capability and presence in East Anglia, integrating it into its direct wealth business. (Financial Planning Today, 2/12/2024, 'Brooks Macdonald completes acquisition of Norwich Planner')Chartered Financial Adviser and wealth manager Skerritts has rebranded as Shackleton, relocated its HQ to London, and acquired four firms—Save & Invest (£550m AUM), Fleming Financial (£250m AUM), Robson Lister (£350m AUM), and Shorts Financial Services (£350m AUM)—bringing its total AUM to £5.5bn after 15 acquisitions since a £55m investment by Sovereign Capital Partners in 2021. (Financial Planning Today, 2/12/2024, 'Skerritts rebrands as Shackleton and buys 4 firms')Milecross Financial, a Northern Ireland-based financial adviser, has acquired Milton Keynes-based The Martin Cliffe Practice for an undisclosed amount, marking its fourth acquisition of the year. The deal adds £80m in funds and 650 clients, with the Martin Cliffe team of seven—including four advisers—joining Milecross. The firm plans further acquisitions in 2025. (Financial Planning Today, 10/12/2024, 'Milecross snaps up Milton Keynes Financial Planner')​MoversSchroders has appointed Philip Chandler as the new CIO for its £6.3bn investment solutions business, replacing Alex Funk, who left in May. Chandler, a company veteran since 2003, was previously Head of the multi-asset team and Co-Manager of the global multi-asset portfolio range. He will retain his multi-asset role while taking on the new position. Chandler's global multi-asset growth portfolio outperformed the peer group average with a 15.2% return over three years, compared to the 11% average. (Natalia Vasnier, 7/1/2025, Citywire Wealth Manager, 'Schroders ends CIO search for £6.3bn solutions business')Manchester-based Pareto Financial Planning has relocated its HQ to the refurbished Old School House building in Spinningfields, adding new staff including Financial Adviser Joe Heaword, previously with Camargue Chambers LLP, and Employee Benefits Consultant Nathan Clarke, who has a background in banking and wealth management. The 1886 building has been renovated to support Pareto’s growing team, including future needs for expansion. (Financial Planning Today, 11/12/2024, 'Pareto opens new Manchester HQ and boosts team')Simon Pryke is stepping down as CEO of Findlay Park after nine years, with Rose Vangerven set to succeed him in April, while Pryke will assume the role of Executive Chairman. Vangerven, a Partner since 2021, led the integration of ESG issues into the firm’s investment process and has prior experience at BlackRock and Columbia Threadneedle. She has also served as Deputy Chair of the Independent Investment Management Initiative since 2022. Praising Vangerven’s ‘significant contribution’ to Findlay Park, Pryke and CIO Anthony Kingsley, said she had ‘been an outstanding candidate to succeed Simon as CEO for some time’. (Sophie Downes, 8/1/2025, Citywire Wealth Manager, 'Exclusive: Findlay Park names new CEO as Pryke steps back')Brown Shipley CEO Calum Brewster is leaving the business after three years. Chief Operating Officer Robert Kitchen will lead the firm on an interim basis until a successor is appointed. Brewster joined Brown Shipley from Julius Baer. (Wealth Manager Team, 7/1/2025, Citywire Wealth Manager, 'Eight big wealth moves in December')Nick Wood, Quilter Cheviot’s Head of Fund Research, has been promoted to Head of the firm’s regional business, replacing Richard Thorn, who retired after 38 years. Wood has been with the firm since 2012. Matt Ennion, who joined in 2019, replaces Wood as Head of Research. (Wealth Manager Team, 7/1/2025, Citywire Wealth Manager, 'Eight big wealth moves in December')James Hambro’s £500m Leeds office lost two seasoned investment professionals at the end of the year. Ed Binks is believed to be joining Rothschild, while Ed Marsden is heading to Titan Wealth. Marsden and Binks had joined James Hambro to launch the Leeds office in 2020, alongside Aidan Butler, after their previous roles at Abrdn Standard Life. (Wealth Manager Team, 7/1/2025, Citywire Wealth Manager, 'Eight big wealth moves in December')HSBC's Chief Executive for global private banking and wealth, Annabel Spring, has left her role following a restructure under new CEO Georges Elhedery. The restructure created an international wealth and premier banking division, led by Barry O’Byrne. Spring’s responsibilities will be split between Lavanya Chari, Head of Wealth and Premier Solutions, and Gabriel Castello, interim CEO for global private banking. HSBC will announce a permanent successor later. Jose Carvalho remains Head of Wealth and Personal Banking in the UK. (Wealth Manager Team, 7/1/2025, Citywire Wealth Manager, 'Eight big wealth moves in December')Close Brothers CEO Adrian Sainsbury has stepped down three months after taking medical leave, with Finance Director Mike Morgan replacing him. Sainsbury, who joined Close in 2014 and became CEO in 2018, is expected to make a full recovery. Morgan had been serving as acting CEO during Sainsbury’s absence. (Dylan Lobo, 7/1/2025, Citywire Wealth Manager, 'Close CEO steps down after medical absence')Wren Sterling's Executive Chairman Ian Darby retired at the end of 2024 after nearly 10 years at the firm. Darby led the management buyout of Towergate Financial in 2015 and oversaw a secondary buyout by Lightyear Capital in 2021, marking significant private equity-backed milestones for the company. (Victoria Bell, 6/1/2025, Citywire Wealth Manager, 'Wren Sterling chair Darby exits after a decade')Hurst Point Group has appointed Michael Bishop, former Head of Wealth at WH Ireland, as Managing Director for its investment management business, replacing Sarah Soar, who stepped down after five years. Bishop brings over 20 years of experience in wealth management, having previously held roles at PwC, UBS, and WH Ireland. (Sophie Downes, 2/1/2025, Citywire Wealth Manager, 'Hurst Point hires ex-WH Ireland wealth head to replace Hawksmoor CEO')Brooks Macdonald has appointed Ben Johnson as Head of Business Development and James Goward as Head of Sales Enablement, both joining from Rathbones. Johnson, a former Regional Sales Head at Rathbones, will lead business operations, while Goward, formerly Head of Distribution Operations, will oversee sales enablement. (Dylan Lobo, 20/12/2024, Citywire Wealth Manager, 'Brooks appoints business head in double Rathbones hire')Titan Wealth appointed Scott Hamilton as Head of Sales for Titan Private Wealth to expand its high-net-worth market presence. Hamilton, with 25 years of experience, joins from Succession Wealth, succeeding Mark Livesey, who transitions to Group Managing Director. (Momodou Musa Touray, 8/1/2025, Money Marketing, 'Titan hires head of sales from Succession Wealth')Steven McBurnie, a Chartered Financial Planner with over five years of experience on the CISI PPIG committee and a Paraplanner at Glasgow-based Wright, Johnston & Mackenzie, has been appointed Chair of the CISI Paraplanner Interest Group, succeeding Dan Atkinson after five years, to continue supporting paraplanners globally in networking and sharing insights. (Financial Planning Today, 6/1/2025, 'New chair of CISI Paraplanner Interest Group')Hoxton Wealth has appointed Jordan Maxwell as a Financial Planner in its UK team. With a degree in urban planning and development, he began his career in Saudi Arabia before returning to the UK, where he worked in investment as an Investor Relations Manager, Client Adviser, and Paraplanner. (Financial Planning Today, 6/1/2025, 'Hoxton Wealth adds Financial Planner to UK team')Brown Shipley, part of Quintet Private Bank, has appointed Lindy Kroese as a Wealth Planner for its Leeds team. With over a decade of experience in the UK and South Africa, she joins from Balance Wealth Planning, where she specialised in estate, succession, pension, and retirement planning. She began her career at Old Mutual in South Africa before moving to Quilter Private Client Advisers. (Financial Planning Today, 31/12/2024, 'Brown Shipley hires South African planner')CISI has appointed James Morris, an experienced Broker and Trader, as Ireland Country Head. Formerly with StoneX Group in Dublin, where he oversaw clearing, execution, and sales, he also held roles at Crux Shipbrokers in Dublin and MINT Partners in Singapore and Dubai. Based in Dublin, he will manage client relationships in Ireland and Northern Ireland, succeeding Deirdre Lawson. (Financial Planning Today, 17/12/2024, 'CISI selects new Ireland country head')Evelyn Partners has appointed Mimi Corden-Lloyd as an Associate Director in its London Financial Planning team. Based at the Gresham Street office, she brings extensive experience from over two years at Coutts, where she served as Associate Director in the sports, media, and entertainment wealth management team, advising high-profile clients on complex financial matters. Alongside her corporate expertise, she is a competitive runner, representing Great Britain at the European Champion Clubs Cup in Portugal and competing at national and international levels since the age of nine. (Financial Planning Today, 17/12/2024, 'Evelyn adds to 300-strong Financial Planning team')Chartered Financial Planner James Herbert has joined Plymouth-based Continuum as a Financial Adviser, focusing on the Staffordshire region from his Stoke on Trent base. Specialising in investments, pensions, estate planning, and protection, he joins from Amber River True Bearing and previously spent over 13 years as Wealth Planning Director at Atomos Wealth. He chose Continuum for its resources while maintaining his independence. (Financial Planning Today, 13/12/2024, 'Chartered Financial Planner joins Continuum')​All information provided in this market digest has been gathered from Citywire Wealth Manager, Financial Planning Today, Money Marketing, and IDEX Consulting.

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Meet the Financial Services Experts

Alison MacMillan

Alison MacMillan

Ashlea Walton

Ashlea Walton

Emma Murray

Emma Murray

Jack Johnson

Jack Johnson

Louise Bibb

Louise Bibb

Graeme Hyland

Graeme Hyland

Alex Merrick

Alex Merrick

James Salmon

James Salmon

Graeme Winn

Graeme Winn

David Elders

David Elders

Lynn Wilson

Lynn Wilson

Samantha Durbridge

Samantha Durbridge

  • Alison MacMillan

    Divisional Director

    Mobile: 07423 400 829 | E-mail: alison.macmillan@idexconsulting.com​Ali has been working in Financial Services recruitment in Scotland since 2002 and is a Fellow of the Recruitm...

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  • Ashlea Walton

    Client Director

    Mobile: 07805 843 149 | E-mail: ashlea.walton@idexconsulting.comAshlea is an experienced Employee Benefits recruiter with 10+ years experience recruiting nationally. She specia...

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  • Emma Murray

    Client Delivery Manager

    ​Mobile: 07791 280 859 | E-mail: emma.murray@idexconsulting.com​A spring of energy in the office, Emma is a dedicated and passionate Financial Services specialist. Partnering w...

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  • Jack Johnson

    Business Director & Regional Manager

    ​Mobile: 07795 571 723 | E-mail: jack.johnson@idexconsulting.com​Jack has nine years’ experience recruiting Risk, Actuarial and Compliance professionals in the UK. He has worked...

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  • Louise Bibb

    Regional Manager

    Mobile: 07706 736 747 | E-mail: louise.bibb@idexconsulting.com​Louise has worked within Financial Services recruitment for over 7 years, predominantly focusing within the South...

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  • Graeme Hyland

    Business Manager

    Mobile: 07896 933 622 | E-mail: graeme.hyland@idexconsulting.com​Graeme is one of the longest serving members at IDEX Consulting and is fully responsible for recruitment, talent...

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  • Alex Merrick

    Client Director

    ​Mobile: 07776 670 384 | Email: alex.merrick@idexconsulting.comPrior to moving into Recruitment, Alex was a Financial Adviser for 16 years. He started advising within the Bancas...

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  • James Salmon

    Mergers and Acquisitions Client Director

    Mobile: 07947 748 173 | E-mail: james.salmon@idexconsulting.comJames leads our Financial Services Mergers and Acquisitions proposition; supporting Wealth Management businesses t...

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  • Graeme Winn

    Managing Consultant

    ​Mobile: 07552 208 547 | E-mail: graeme.winn@idexconsulting.comFollowing an initial career in Accountancy, Graeme has worked within the recruitment industry for nearly 10 years....

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  • David Elders

    Managing Consultant

    ​Mobile: 07407 626 734 | E-mail: david.elders@idexconsulting.comDave has over 16 years’ experience recruiting in the Financial Services sector, initially within Retail Banking,...

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  • Lynn Wilson

    Senior Consultant

    Mobile: 07918 211 987| E-mail: lynn.wilson@idexconsulting.comLynn has been working in Financial Services recruitment in Scotland since 1996. She typically recruits for are Para...

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  • Samantha Durbridge

    Senior Consultant

    ​Mobile: 07386 660 100 | E-mail: samantha.durbridge@idexconsulting.comSamantha has been working in recruitment for approximately two years. Her experience mostly consists of sen...

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Check out other experts:
  • Alison MacMillan
  • Ashlea Walton
  • Emma Murray
  • Jack Johnson
  • Louise Bibb
  • Graeme Hyland
  • Alex Merrick
  • James Salmon
  • Graeme Winn
  • David Elders
  • Lynn Wilson
  • Samantha Durbridge