Quilter Cheviot, the high-net-worth division of Quilter, has hired a new head of advice after recently receiving FCA approval to extend its regulatory permissions to financial advice.
Subject to regulatory approval, Colin Rowe will join the business in January to take on the newly-created role and also become a member of the Quilter Cheviot executive committee, reporting to chief executive Andrew McGlone.
Rowe joins with over 20 years of experience in leadership roles within wealth management, most recently as managing director at 7IM. Prior to this, he was managing director of private clients at Close Brothers Asset Management.
The extension to permissions to include financial advice allows Quilter Cheviot and Quilter Cheviot Financial Planning to operate as single regulated entity early next year.
In his role as head of advice, Rowe will oversee Quilter Cheviot’s UK-based financial planning team and work closely with other executive committee members to support the firm’s multi-channel distribution strategy.
Meanwhile, Michelle Andrews, managing director and executive committee member, will assume a broader distribution role. She will focus on the distribution of Quilter Cheviot’s offerings across all channels, including IFA distribution and professional services, as the firm said it continues to develop specialist propositions to “meet clients’ evolving financial needs”.
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“As we complete the final steps to bring our investment management and financial planning businesses together to make the experience as easy and seamless for clients receiving both advice and investment management, Colin’s experience will be invaluable,” said McGlone.
“He has a huge amount of commercial experience in high-net-worth financial planning and investment management, having held key strategic roles in the industry. I am delighted to welcome him on board, at what is an exciting time for Quilter Cheviot as we drive forward our ambitious growth agenda.”
Rowe added: “I am really looking forward to working closely with colleagues across Quilter Cheviot and specifically the financial planning team. We want to continue to build and grow this side of the business, while continuing to improve the service we are able to offer our external supporters, ultimately providing all clients with the expertise they require to help achieve their financial objectives.”
